The GDP is only growing because of the federal deficit: How much of a problem is that?

Key Takeaways The U.S. economy is increasingly propped up by federal deficit spending, which, by one estimate, effectively ...

US national debt surges past $39 trillion just weeks into war in Iran

The U.S. national debt has hit a record $39 trillion. The deficit hit the milestone Wednesday just weeks into the ...

Lawmakers discuss deficit-to-GDP target as ‘starting point’ for fiscal sustainability

U. S. House lawmakers Thursday discussed a proposed framework for reducing federal deficits and slowing the growth of the ...
KTBS

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. The latest federal ...

‘No, we didn’t’: DOGE staffer admits Elon Musk’s cost-cutting agency failed to reduce the federal deficit

At DOGE’s inception, Musk claimed the advisory could slash $2 trillion from the U.S. federal budget.
WLKY

CBO: Federal deficits and debt to worsen over next decade

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, ...

Bipartisan call for 3 percent deficit target on US deficits

The Bipartisan Fiscal Forum is urging Congress to adopt a 3 percent deficit-to-GDP target to stabilize the national debt and ...