federal debt

President Joe Biden received low approval ratings and scores on a four-year progress report in two separate voter polls ahead of his exit from the White House on Monday, Jan. 20. Approval Rating Drops: Biden, who famously dropped out of the 2024 presidential election, will now leave the White House...

Elon Musk expressed concerns over the financial trajectory of the United States, suggesting the nation is on the brink of bankruptcy. What Happened: As per economist E.J. Antoni on Thursday, Federal debt increased by $204 billion on the very first day of the new fiscal year, jumping to a new...

The cost of managing U.S. government debt has seen a significant rise of 25% in the first nine months of the fiscal year, hitting $652 billion and consequently exacerbating the federal deficit. The federal deficit reached a staggering $1.39 trillion for the nine months through June, according to...

On Thursday, the Congressional Budget Office (CBO) released a 55-page report on the U.S. long-term budget outlook, and the picture isn’t pretty. The CBO revealed a number of troubling statistics about how U.S. federal spending is out of control. “At 77 percent of gross domestic product...