Government Spending News - Budget Allocation, Fiscal Policies

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

FOX Business' Stuart Varney discussed the nation's debt crisis, arguing Kamala Harris' economic plan will lead to higher taxes and compound our deficit problem.

The U.S. national debt is growing rapidly to record-setting levels, and economist Brian Riedl proposes a bipartisan plan to stabilize the debt's growth to avert a future debt crisis.

Vice President Harris' selection of Minnesota Gov. Tim Walz as her running mate is bringing new scrutiny to Walz's economic track record as a member of Congress and as governor.

The national debt surpassed $35 trillion for the first time just months after topping $34 trillion, as the federal government faces widening budget deficits and fiscal deadlines loom.

Inflation has taken a major toll on two of the most-important parts of the federal budget — Social Security and Medicare. There are two big risks threatening those programs.

The U.S. national debt is on pace to set a new record in 2027 when compared to the size of the economy as federal budget deficits are projected to widen in the years ahead.

The June jobs report came in at 206,000, higher than expected, though it also showed that nearly a third of those jobs were in government, while April and May reports were revised down.

The U.S. national debt is fast approaching a record level when compared to the size of America's economy after the Trump and Biden administrations added to the debt.

A new bill in Congress would cut 10% of a state's highway funding if it doesn't take reasonable steps to prevent protesters from blocking traffic on federal-aid highways.

NATO released its annual defense spending report this week that showed a record 23 countries in the alliance met NATO's commitment to spend at least 2% of GDP on defense.

The Congressional Budget Office projected that the federal deficit is expected to reach nearly $2 trillion this year in a newly released update to 10-year budget estimates.

The chief actuaries for Social Security and Medicare testified before the House Budget Committee about the two programs' looming insolvency roughly a decade from now.

Over 270,000 jobs were added in May, yet the unemployment rate still rose, fueling economic concerns.

The rising national debt is projected to slow American households' income growth, with higher levels of debt shaving off about one-third of those gains, a new report finds.

With the 2024 presidential election looming, forecasts showing federal budget deficits and the national debt continuing to grow have bond investors on edge as fiscal risks increase.

From just four decades ago, the debt skyrocketed from $907 billion to more than $34.5 trillion as of Wednesday afternoon, according to the latest Treasury Department figures.

The Federal Reserve went down a dangerous path after the 2008 financial crisis. It increased its balance sheet and made borrowing cheaper. The result is a $23 trillion spike in debt.

Warren Buffett said at Berkshire Hathaway's annual meeting he thinks the federal government will look to increase taxes to address widening budget deficits rather than cut spending.

Getting into gold can be done through ETFs, including one that tracks the physical yellow metal and another that invests in gold mining companies.

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