Government
Federal deficit reaches ‘astounding’ levels(The Center Square) – Only nine months into fiscal year 2026, the U.S. government has already borrowed $1.4 trillion, surpassing the entire federal deficit of the previous fiscal year. Read More
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. Read More
National Debt
Critics: Where’s debt plan as deficit hits $1.5 trillion, debt tops $35 trillion?(The Center Square) – The U.S. Treasury Department released its monthly fiscal update showing the federal deficit so far this fiscal year has already hit $1.5 trillion.The federal… 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… Read More
National Debt, National Defense
Interest payments on national debt alone will exceed defense spending this decade, CBO says(The Center Square) – The cost of interest payments on the national debt will continue to grow as a financial burden for the U.S. over the next decade, even… Read More
Congress, Economy
Debt ceiling sets up major battle in Congress(The Center Square) – U.S. Secretary of the Treasury Janet L. Yellen sent a letter to congressional leaders Thursday notifying them the agency has begun taking “extraordinary measures” as… Read More
Biden administration
Federal deficit hit $1.4 trillion in fiscal year 2022, nearly 50% above pre-COVID level(The Center Square) – The Biden administration on Friday released its budgetary data for the last month of fiscal year 2022 which showed the U.S. government ran up a… Read More