Big tax cuts on top of high federal debt and less easy Fed policy could create perfect conditions for rising rates.

Unfortunately, neither Vice President Harris nor her rival on the campaign trail has made a priority of fixing this problem.

Spending increased by 10 percent last year, while tax revenue increased by 11 percent. Interest payments on the debt shot up ...

The Congressional Budget Office forecasts a federal deficit of $1.834 trillion for 2024, noting rising debt interest and ...

Sweeping calls for the U.S. defense budget — now at about $850 billion — to return to Cold War levels when measured against ...

The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest ...

Much of that figure was driven by bigger outlays on Social Security and Medicare, which cost 6% more than they did a year ...

In his postmeeting press conference on Sept. 18, Fed chair Jerome Powell said that the FOMC's jumbo cut wasn't a reflection of officials' fear of a recession. He repeatedly referred to the rate ...

The U.S. Congressional Budget Office reported that the federal deficit hit an estimated $1.8 billion in fiscal year 2024, $139 billion higher than the deficit from the previous fiscal year. The ...

The data comes as Donald Trump and Kamala Harris are proposing new tax and spending plans that are estimated to add trillions ...

The federal government’s budget shortfall for fiscal year 2024 grew by $139 billion from the previous year to reach $1.8 ...