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The US federal budget deficit effectively doubled this year


Can the US manage escalating debt without triggering a fiscal crisis?

The US is grappling with record $34.5 trillion debt, triple the eurozone's, and set to hit 134% of GDP by 2029. Elevated deficits and skyrocketing interest ...

America faces a fiscal cliff: Here's how to stop it - Stand Together

However, this fiscal cliff is not like others. In 2025, a perfect storm of financial factors could produce an additional $5 trillion of federal debt — that's ...

America's Endless Federal Deficits | City Journal

America has racked up more inflation-adjusted deficit spending since 2009 than in the 220 years before then—with no end in sight ...

Running up that bill — U.S. growth gains, debt pains

Issue in focus: The U.S. fiscal deficit is substantial relative to the resilient state of the economy. Government spending will continue to add ...

Investors unnerved by explosive growth of US government's fiscal debt

As interest alone on US government debt exceeds $1 trillion, elevated deficits and skyrocketing interest payments may evoke fears of an ...

Speech by Chair Powell on the economic outlook

Review and Outlook. Chair Jerome H. Powell. At “Reassessing the Effectiveness and Transmission of Monetary Policy,” an economic symposium ...

The US government has to start paying for things again - Vox

It's especially worth taking debt more seriously when other problems that deficit spending can help solve, like mass unemployment, have been ...

The Federal Deficit Is Even Bigger Than It Looks - WSJ

The gap between spending and revenue for fiscal year 2023, which ended on Sept. 30, was $1.7 trillion, the Congressional Budget Office projected ahead of the ...

Topic: Funding NATO - NATO

NATO's common funds are composed of direct contributions to collective budgets and programmes, which equate to only 0.3% of total Allied defence ...

National debt of the U.S. - statistics & facts - Statista

The nation's persistently high budget deficit has been accelerated by several major events, including the wars in Iraq and Afghanistan, the 2008 ...

The U.S. Trade Deficit: How Much Does It Matter?

President Trump has made reducing the U.S. trade deficit a priority, blaming trade deals like NAFTA, but economists disagree over how policymakers should ...

Federal Budget Deficit | Gallup Historical Trends

How much do you personally worry about federal spending and the budget deficit? Great deal, Fair amount, Only a little, Not at all, No opinion. % ...

The Federal Budget Deficit and Fiscal Dominance

Raging fiscal deficits are back in the news ahead of the 2024 election, with talk of fiscal dominance. How does this impact investors?

Donald Trump Built a National Debt So Big (Even Before the ...

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the ...

National debt is the greatest threat to our country, its time for ...

In 2023 alone, the federal deficit totaled $1.7 trillion, more than three and half times as large as it was in 2014. Interest payments on the ...

US Posts $1.8 Trillion Annual Deficit, Highest Outside of Covid

The US government's budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt interest costs and higher Social ...

High and Rising US Federal Debt: Causes and Implications

And, like debt, the budget deficit is projected to climb much higher over the next three decades, reaching 10 percent of GDP by 2053. The ...

U.S. deficit tops half a trillion dollars in first quarter of fiscal year

The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.

Why U.S. Debt Must Continue to Rise

As long as income inequality remains high and the United States runs large deficits, the resulting savings distortions will continue to mean ...

Address to the Nation on the Federal Budget and Deficit Reduction

That was the program the spenders said wouldn't work, and they called it Reaganomics. You might remember April 1981: a time when our defenses ...