Trump set to break the all-time federal debt record amid inflation battle
Federal debt BX:TMUBMUSD10Y held by the public as a share of the total economy will surpass the previous record of 106.1%, set in the waning days of World War II, by 2029, Trump's last year in office.
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How Biden’s domestic policy record stacks up against public perception
Labor Department data shows that consumer prices rose a combined 20.8% during the course of Biden’s presidency, but people’s average weekly earnings rose just 17.4% over the same period. That meant ...
10-year outlook for budget given
The national debt is expected to rise by $23.9 trillion over the next decade, a sum that does not include trillions of ...
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9 GOP bills for federal employees to track in the new Congress
Republican lawmakers are reviving a flurry of bills targeting federal employees' telework options, pay and benefits, as well ...
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track ...
U.S. Starts Maneuvers to Avoid Breaching Debt Limit, Putting Pressure on Congress
WASHINGTON—The U.S. government is now constrained by its statutory debt limit, the Treasury Department said, prompting the ...
Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...