The estimate — equivalent to more than three times LA County’s annual budget — would rank the wildfire toll second only to ...

The country risks an economic "heart attack" if lawmakers are unable to reel in the national debt, warns one hedge fund ...

Russell Vought's Senate confirmation hearing, January 15, 2025 The Senate Budget Committee held a confirmation hearing for Vought on January 22, 2025. [4] Russell Vought's Senate confirmation hearing, ...

Texas, chairman of the House Budget Committee, blamed former President Joe Biden's administration for a bleak milestone last ...

The Fed’s key rate has a bearing on the sustainability of public borrowing, which is heading to striking levels.

There is no other Cabinet position that has to engage with lawmakers in Congress across so many disparate technical issues, ...

Stabilizing debt over the next decade at its current share of the economy would require $9.0 trillion of deficit reduction relative to the Congressional Budget Office’s (CBO) ...

Long-term yields have hovered around 5%. If they stay there, the government’s inflation-adjusted cost of borrowing will likely exceed the economy’s rate of growth — meaning the debt ratio will rise ...

The United States has the smallest defense budget in nearly 100 years. If the U.S. is in a cold war, it seems to be cheaper and less urgent than the last.

Lawmakers haven’t even started talking about this problem, much less grappling with it realistically. The Congressional ...

From Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About 83 percent of this increase can be explained by ...

This is what “unsustainable” fiscal policy looks like. Lawmakers haven’t even started talking about this problem, much less grappling with it realistically. The Congressional Budget Office has just ...