Republicans in Congress are hashing out a new tax cut and spending bill that's projected to add trillions to the national debt. Economics correspondent Paul Solman explains the ballooning national ...

The Republican tax cut and spending bill could add trillions to the already massive deficit. Lisa Desjardins breaks down what ...

The net interest on the U.S. Federal Debt is roughly 3 percent of Gross Domestic Product (GDP), amounting to $882 billion.

The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills ...

Trump said he agreed with a longtime rival, Sen. Elizabeth Warren, on the need to abolish the federal cap on borrowing.

Rep. David Schweikert (R-Ariz.) said Wednesday that the growing U.S. national debt will make the government more vulnerable to being pressured by the bond market, allowing it to effectively “run ...

To address the national debt, we need permitting reform, tax code changes, entitlement reforms, immigration reform, and ...

Top U.S. Senate Republicans are eyeing a controversial accounting method to theoretically slash the multi trillion-dollar ...

People who need financing in order to buy a car or a home need to consider the price and their budget — and they may also ...

In its current form, the budget legislation moving through Congress would exacerbate the fiscal challenges we face.

But it also will add $2.4 trillion to the national debt over the next decade, according to the Congressional Budget Office. Indeed, the legislation will worsen the federal government’s already ...

The federal government is on track to borrow nearly ... rather is automatically baked into the budget," she says. Higher debt and bigger deficits could create the circumstances for a "severe ...