Total National Debt as of 06/24/2019 (source)
Federal Reserve expresses concern about US economy and signals interest rate cuts are likely

Federal Reserve expresses concern about US economy and signals interest rate cuts are likely

The Federal Reserve has been raising concerns that the economy is decelerating, and signaled of upcoming cuts to interest rates. On […]

Mnuchin says Trump wants to keep government open as Washington scrambles for budget, debt deal

Mnuchin says Trump wants to keep government open as Washington scrambles for budget, debt deal

On Wednesday, Treasury Secretary Steven Mnuchin stated President Trump and Congress are trying to “scrape together” a budget deal in […]

Deficits are exploding – and neither party seems to care

Deficits are exploding – and neither party seems to care

In an unprecedented fashion, the deficit from the federal budget is projected by the Treasury Department to exceed $1 trillion […]

GOP in disarray as budget impasse threatens shutdown, deep cuts — and default

GOP in disarray as budget impasse threatens shutdown, deep cuts — and default

The Trump administration continues to hold off on spending agreements and another government shutdown (plus a federal default) may be […]

The budget could take a ‘huge hit’ from climate change

The budget could take a ‘huge hit’ from climate change

Having already spent $450 billion in disaster aid since 2005, the federal government is still facing rising costs to the […]

The US budget deficit skyrocketed to a record $207.8 billion in May

The US budget deficit skyrocketed to a record $207.8 billion in May

Despite a solid economy, America’s budget crisis is worse than ever. In the month of May, the federal deficit rose […]

GOP leader concedes tax cuts may not pay for themselves as 2019 deficit grows

GOP leader concedes tax cuts may not pay for themselves as 2019 deficit grows

Republicans are contradicting themselves on past promises made in regards to tax cuts. Although reported that the tax cuts would […]

Delay in Huawei Ban Is Sought by White House Budget Office

Delay in Huawei Ban Is Sought by White House Budget Office

Huawei Technologies, the Chinese telecom giant, is the target of a recent federal measure prohibiting government agencies from contracting with the […]

By 2025, U.S. Interest Payments on the National Debt Will Pass the Defense Budget

By 2025, U.S. Interest Payments on the National Debt Will Pass the Defense Budget

When the national debt climbing astronomically every day, it’s easy to think our debt problems have reached their peaks. However, […]

Bipartisan Senate Effort Predictably Kills Rand Paul’s Plan to Balance the Federal Budget

Bipartisan Senate Effort Predictably Kills Rand Paul’s Plan to Balance the Federal Budget

Rand Paul’s “Pennies Plan,” his take on legislation aimed at balancing the federal budget, lost its momentum in the Senate […]