Donald Trump‘s proposed tax plan paints an encouraging picture of lower taxes and stronger economic growth, but the numbers ...

Republicans bet on the economy growing faster than reasonable to cover plans that could reignite inflation, rising interest ...

The system cannot accommodate such growth, and even more, it’s not necessary to defend the country — unless Washington wants WWIII ...

Even if those tax breaks are allowed to lapse at year’s end, the federal ... budget deficit to 3% of GDP by 2028. What’s more, in coming months, Congress must address the debt ceiling, which ...

Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014 ... In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP.

The CBO's outlook shows that, as a percentage of gross domestic product (GDP), or compared to the size of the U.S. economy, the federal debt ... "The United States has built a dangerous mountain ...

Read about the CBO's projections regarding the country's budget and economy for 2025 and for the 10 years that follow.

This higher debt would also further explode interest payments. Already, interest costs have exceeded spending on Medicare and ...

The current gap between US federal spending and tax revenue is larger than ever outside of major war or crisis. Federal spending is significantly higher than the historical norm, while revenue remains ...

The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances ...

An curved arrow pointing right. If California were its own country, it would have the 11th largest GDP in the world. And that's not the only US state with an impressive economic output. Every ...