The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, ...
Gov. Mikie Sherrill said New Jersey faces a "serious structural deficit" in advance of her March 10 budget address.
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In her first Budget Address, Gov. Mikie Sherrill will outline how she plans to deal with a chronic fiscal shortfall and rising long-term spending pressures. The speech is scheduled for March 10 in ...
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How the US adding $696 billion in debt impacts your money every day, according to experts
The national debt just got bigger. According to the Congressional Budget Office, the U.S. government borrowed $696 billion in the first four months of the fiscal year, bringing the total to more than ...
Caring for an entire population is expensive—caring for an aging population even more so. This is the conundrum facing the U.S. government over the coming decades, with the number of people age 65 and ...
The Congressional Budget Office has released its annual Budget and Economic Outlook for 2026 to 2036, and once again, CBO and the media are blaming the nation’s deficit problem on Republican tax cuts.
The US economy has long been shielded from the unsustainability of its trade and budget deficits. It may not be for much longer. So much for President Donald Trump’s promise that his import tariff ...
Federal outlays grew nearly as much, from $6.735 trillion in 2024 to $7.01 trillion in 2025. The main drivers were an additional $294 billion spent on Medicaid, Medicare, and Social Security. Last ...
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