The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...
Even more worrisome is that the spike in interest rates over the past year and a half has made the cost of servicing the ...
President Donald Trump spoke to reporters aboard Air Force One on Sunday and commented that the U.S. debt may be smaller than ...
Rep. Marjorie Taylor Greene offered this opening statement as she chaired the first hearing of the House DOGE Committee: REP. MARJORIE TAYLOR GREENE: This hearing of the Subcommittee on Delivering on ...
Fiscal hawks warn that deficits produce higher inflation rates and higher interest rates that harm the poor the most.
Elon Musk's DOGE aims to cut $4T from the federal budget, but the $36T national debt remains a major challenge.
This higher debt would also further explode interest payments. Already, interest costs have exceeded spending on Medicare and ...
Long a focus of conservatives, the level of public borrowing is starting to concern left-leaning economists. Proposed ...
The country risks an economic "heart attack" if lawmakers are unable to reel in the national debt, warns one hedge fund ...
In a recent discussion, Elon Musk highlighted a critical fiscal issue: the United States' interest payments on its national debt have now surpassed the entire Defense Department budget. He emphasized ...
A top Republican budget hawk called growing federal interest costs "a ticking time bomb that must be defused." ...