The House Budget Committee on Thursday approved a landmark bill to create a bipartisan fiscal commission that would make recommendations on how to...

Does the U.S. government have a spending problem or a revenue problem? Republicans insist that rising deficits and debt and are caused by the former...

The gross U.S. national debt surpassed $34 trillion last Friday, according to the Treasury Department’s daily debt tracker . The debt grew quickly in...

The House Budget Committee held a hearing Tuesday to discuss and debate the pros and cons of several proposals to create a bipartisan fiscal...

Moody’s Investors Service on Friday changed its outlook for the U.S. credit rating from “stable” to “negative,” citing both the rapidly expanding...

Sens. Mitt Romney of Utah and Joe Manchin of West Virginia introduced a bill Thursday that would create a commission tasked with stabilizing the...

Persistent budget deficits combined with a big jump in interest rates translate into a rapidly rising cost of servicing the national debt. According...

The federal budget deficit for fiscal year 2023 was $1.695 trillion, up from $1.375 trillion the prior year, according to data released Friday by the...

The national debt hit a new milestone Monday, topping $33 trillion for the first time, according to data published by the Treasury Department. The...

Although Republicans have sometimes dominated the debate over efforts to reduce deficits and the debt, the Biden administration thinks it may have...