The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the ...

U.S. GDP is projected to grow at slower rates in the decades ahead, with real, inflation-adjusted GDP declining from 2.8% last year and 2.1% in 2025 to 1.4% in 2055. CBO wrote that the "slowdown ...

The United States Treasury confirmed Wednesday that the federal budget deficit for May hit $316 billion, placing it among the top three largest monthly gaps ever recorded. This comes right after April ...

The federal budget deficit is back in the spotlight after the Republican-controlled Congress approved a massive tax and ...

This article explores the US fiscal position, the impact of policies, external factor sensitivities, and long-term government ...

The office also estimated that the federal budget deficit for the first nine months of the 2025 fiscal year, which began in October, is $1.3 trillion. The number is $65 billion more than it was for ...

Meanwhile, in 2029, the federal debt is expected to surpass its record high of 106% of GDP in 1946. It’s projected to be 100% of GDP this year and hit 118% in 2035.

Billionaire investor Ray Dalio warned that US government debt is on track to reach unprecedented and alarming levels in the coming years, following th ...

The U.S. as a whole remains the largest economy in the world with a GDP of over $28 trillion, $4.1 trillion of which is Californian. Texas makes up another $2.7 trillion.

Growth in the national debt will be driven by budget deficits widening from about 6.2% of GDP in 2025 to 7.3% in 2055 – well above the 1995-2024 average of 3.9%.