Come 2030, the annual deficit will be worth roughly 5.9% of GDP, on par with provisions set aside for health and Social Security programs, and well ahead of calls to reduce deficits to 3% of GDP.

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

Federal deficits are soaring. The national debt is projected to hit 120% of GDP by 2036. Here's how that could affect North Carolinians.

Federal outlays grew nearly as much, from $6.735 trillion in 2024 to $7.01 trillion in 2025. The main drivers were an additional $294 billion spent on Medicaid, Medicare, and Social Security. Last ...

(The Center Square) – Quietly tucked inside Republicans’ funding deal to end the government shutdown is a provision wiping the congressional Pay-As-You-Go (PAYGO) scorecard, effectively forgiving ...

President Donald Trump’s first year of his second, nonconsecutive term brought all sorts of changes. His administration shuttered the United States Agency for International Development, had the ...