The challenge is that the U.S. has to pay interest on its debt, which is increasing yearly. The Congressional Budget Office ...

But interest rates and inflation have increased. Today, the federal government spends more to pay off its debt each year than ...

The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by spending on Social Security, Medicare and interest expenses.

The rude health of U.S. household and corporate balance sheets is partially responsible for the exceptional resilience of the ...

Many economic commentators are of the view that the high level of debt poses a threat to the US economy. The debt-to-GDP ratio stood at 345.7 in Q3 2024 against 130.4 in Q1 1952 (see chart). This way ...

The U.S. economy is heading towards a historic surge in public debt, one that's set to eclipse wartime records and cast a ...