Over the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 ...
But interest rates and inflation have increased. Today, the federal government spends more to pay off its debt each year than ...
The national debt is very much like the weather. Everyone complains about it, but no one does much to fix it. In 2009, when ...
In a recent letter, the Congressional Budget Office (CBO) estimated that extending and reviving various provisions from the Tax Cuts and Jobs Act ...
WASHINGTON — The US could default on its $36 trillion debt as early as July and no later than October without congressional action, according to a study released Monday. The Bipartisan Policy ...
Lawmakers face a tough decision this year: hike the national debt to extend the Trump-era tax cuts or let them expire and ...
But here’s a number to make you hit the brakes: the Federal Reserve Bank of New York says that as of end of 2024, Americans owe a staggering $1.66 trillion in auto loan debt, a 73% jump from a ...
The national government's outstanding debt stood at P16.63 trillion at the end of February, marking a 1.96% increase from P16.31 trillion in January 2025. According to the Treasury, the increase was ...