In his address to a joint session of Congress in March 2025, President Donald Trump set a bold goal for the U.S. government.

The national debt will rise to 175% of Gross Domestic Product (GDP) by 2056 – or $168 trillion – according to the ...

Under that scenario, deficits would total 7.3% of GDP over the FY 2026 to 2036 period – including 8.1% of GDP in 2036 – and ...

A report from the International Monetary Fund warns that U.S. debt is likely to remain elevated in the coming years, a risk ...

The Congressional Budget Office projects worsening federal deficits and rising debt over the next decade, driven by increased ...

Discover how the U.S. national debt affects your finances and what to know about government borrowing and debt limits.

Representative Quigley is one of the original sponsors of the initiative, along with Reps. Lloyd Smucker (R-Pa.), Scott Peters (D-Calif.), and Bill Huizenga (R-Mich.) Treasury Secretary Scott Bessent ...

The Congressional Budget Office has released its annual Budget and Economic Outlook for 2026 to 2036, and once again, CBO and ...

For years, policymakers have treated government debt like an elastic band that could be stretched without ever snapping. They stretched during the global financial crisis and again during the COVID-19 ...

By 2035, the CBO expects the deficit to reach $2.96 trillion or 6.2% of GDP versus 5.8% today, and almost double the ...