Government
Federal deficit totaled $1 trillion in beginning of FY2026, CBO says(The Center Square) – The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office. The latest… Read More
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
Government
Johnson: Democrats ‘broke the system’ of US health care(The Center Square) – Republican leaders in Congress remain firmly opposed to any health care plan that renews the pandemic-era expansion of Obamacare subsidies, House Speaker Mike Johnson, R-La., said Tuesday. Read More
Government
US budget deficit hit $1.8 trillion in 2025, CBO reports(Daily Caller News Foundation) – The U.S. federal budget deficit hit $1.8 trillion in the fiscal year ending on Sept. 30, the Congressional Budget Office (CBO) reported Wednesday. That number… Read More
Politics
Republicans respond to data showing 10M will soon lose Medicaid coverage(The Center Square) – Democrats are sounding the alarm over a new analysis showing that the One Big Beautiful Bill Act will cause millions of Medicaid recipients to lose their… Read More
Culture
Elon Musk says he went ‘too far’ in Trump spat(Daily Caller News Foundation) – Tesla CEO Elon Musk appeared to backtrack early Wednesday Morning on comments he posted on X while feuding with President Donald Trump on social media… 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 government
Bill would require federal agencies to buy American flags made in U.S.(The Center Square) – A bipartisan bill that would require the U.S. government to buy American flags made in the U.S. would have little effect on federal spending, according to… Read More
Congress
Report: Bill to curb useless government reports is useless(The Center Square) – A bipartisan bill to get rid of outdated or duplicative government reports is duplicative, according to a report from the Congressional Budget Office. U.S. Sen. Jon Ossoff, D-Ga.,… Read More
Federal Spending
Feds borrowing over $5 billion per day as programs face insolvency(The Center Square) – Budget groups continue to release dire forecasts for the explosive growth of the U.S. national debt. The U.S. Treasury reported a $1.4 trillion… Read More
National Debt
National debt will be nearly twice as large as U.S. economy in 30 years(The Center Square) – The national debt will be nearly twice as large as the U.S. economy in 30 years, the U.S. Congressional Budget Office projects. That figure assumes no… Read More
National
CBO: Federal debt is growing faster than expected, deficits will average $2 trillion(The Center Square) – The U.S. Congressional Budget Office, the official budget projection resource for the federal government, released a string of alarming figures in its latest projections this week. Read More
National
National debt to GDP ratio worse than CBO estimates, group says(The Center Square) – New budget estimates show that the growth of the national debt is worse than previously thought. The U.S. Congressional Budget Office released projections in … Read More
Biden administration
Group sues U.S. Department of Education over Biden’s student loan cancellation plan(The Center Square) – A nonprofit legal group filed a lawsuit Tuesday against the U.S. Department of Education to block its move to cancel up to $20,000 in student… Read More
Biden administration
CBO: Student loan cancellation will cost more than $400 billion(The Center Square) – The Congressional Budget Office released an official cost estimate for President Joe Biden’s student loan cancellation, putting the cost at more than $400 billion. “As of… Read More
Biden administration
Biden expected to sign $280 billion CHIPS Act; critics say it contains no accountability measures, will worsen national debt, inflation(The Center Square) – President Joe Biden is expected to sign the CHIPS Act, a $280 billion spending bill meant to incentivize American manufacturers to produce semiconductor chips in the U.S. Read More
Economy
‘Uncharted Territory:’ U.S. debt will nearly double GDP within 30 years, Feds say(The Center Square) – Federal debt will nearly double the nation’s Gross Domestic Product by 2052 if it continues on its current trajectory, the U.S. Congressional Budget Office says in… Read More
National
CBO: Debt to surpass GDP at record level over next decade(The Center Square) – The Congressional Budget Office released its economic outlook for the next decade and projected record high debt levels compared to the nation’s Gross Domestic Product. Read More
National
CBO: Biden’s ‘Build Back Better’ plan could add $3 trillion to the debt when accounting tricks removed(The Center Square) – President Joe Biden has repeatedly touted that his “Build Back Better” spending bill would not add to the national debt, but the nonpartisan Congressional Budget Office… Read More