Politics
Report: US added nearly $700 billion to national debt in four months(The Center Square) – The U.S. government added $696 billion to the national debt over the past four months, borrowing $94 billion in the month of January alone, the Congressional… Read More
Congress
Bipartisan bill to cap annual deficits at 3% could curb debt growth(The Center Square) – Lawmakers introduced a bipartisan proposal to cap annual deficits at 3% of GDP, but this resolution would still permit spending beyond annual revenue. Read More
National Debt
Report warns U.S. national debt predicted to pass $53 trillion by 2035(The Center Square) – By fiscal year 2035, the national debt is set to surpass $53 trillion, or 120% of the nation’s Gross Domestic Product, according to a new… Read More
Government
U.S. national debt tops $37 trillion(The Center Square) – Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time. Read More
Federal Spending
‘Shocking’: Federal deficit grows by 27 percent in four months(The Center Square) – The latest federal budget projections paint a troubling picture of the U.S. fiscal problem. The U.S. Congressional Budget Office released new estimates this week that the… Read More
Federal Spending
Biden budget packed with tax hikes, increases national debt(The Center Square) – President Joe Biden on Monday released his $7.3 trillion budget proposal for fiscal year 2025 with $5.5 trillion in tax increases that continues to increase the… Read More
National Debt
Speaker Johnson, others, signal support for bipartisan deficit commission despite opposition(The Center Square) – House Speaker Mike Johnson, R-La., wants to get a bipartisan debt commission immediately. "The greatest threat to our national security is our nation's debt," Johnson said… Read More
Biden administration, Taxes
Biden touts new budget with tax hikes, critics push back(The Center Square) – President Joe Biden released his 2024 budget Thursday that includes a trove of tax hikes, quickly sparking pushback from critics. The White House said the budget… Read More
Biden administration
Biden’s student loan deferment will cost taxpayers $40 billion, group says(The Center Square) – The Biden administration is again defering repayment of student loans until President Joe Biden’s student loan forgiveness executive action makes its way through the courts, but… Read More
Biden administration
Nearly 100 Republicans urge Pelosi to hold President Biden accountable for student loan plan(The Center Square) – Nearly 100 Republican members of Congress have called on House Speaker Nancy Pelosi to hold accountable President Joe Biden for what they say is his “illegal… Read More