Remember when $1 trillion annual deficits were worryingly large? Last month’s budget gap was $864 billion.
Debt held by the public equals about 100 percent of GDP. That's hurting growth and will fuel a major crisis.
It took a crisis for policymakers to see that hundreds of rules were not worth the burdens they imposed.
Most of the items included in the CDC's 2021 budget request are important, serious matters. But many have nothing to do with the agency's mission.
Even in a healthy economy, rising debt and deficits posed challenges. The current crisis has magnified those problems.
A new report from the Social Security Administration expects the program to hit insolvency by 2035. Some experts say it could happen as soon as 2028 if there is a serious recession.
The coronavirus is going to crater tax revenues and hike spending. And the Congressional Budget Office says the deficit was going to exceed $1 trillion even before all that.
No matter how bad the outbreak might turn out to be, politicians will find a way to make it worse.
The administration also plans to move $2.2 billion originally earmarked for purchasing vehicles, ships, and aircraft to cover wall construction costs.
It’s a testament to fiscal irresponsibility.
And whether it balances at all depends on some creative accounting. Meanwhile, it proposes $2 billion in new spending on the border wall.
A new report shows federal budget deficits pushing past $1 trillion for the next decade.
Gov. Gina Raimondo wants to sell weed to balance the state's budget.
The solar industry has benefited from "temporary" tax credits for decades. These might finally be allowed to lapse.
On their own, some of those tax breaks might be defensible. Dumping them into a must-pass budget bill is not.
Donald Trump, Democrats, and Republicans agree on trillion-dollar deficits for as far as the eye can see.
Budget negotiations offer lawmakers the opportunity to ditch tax carve-outs and cut spending.
The president doesn't understand the difference between a budget deficit and a trade deficit.
The Department of Education alleges the universities' research is discriminatory against certain religions.
Governing puts together a database of cities and towns addicted to money from fines and forfeitures.
The idea that "deficits don't matter" has been growing among Trump-supporting Republicans. Democrats are preparing to take full advantage.
As debt soars, federal payments to service the debt will crowd out the government's core spending responsibilities.
The Senate Will Vote on a $2.7 Trillion Budget Deal That Adds to the National Debt. The Democrats' Debates Ignored It.
CNN doesn't think Americans deserve to hear potential presidents asked about the national debt.
While the president was launching yet another culture war, the combatants were agreeing to blow the federal budget sky high.
Members of Congress are well aware of the looming threat of the $22 trillion (and growing) national debt, but seem incapable of doing anything except making it worse.
Trump's 2018 commitment that he would never sign a massive spending deal ever again was fake news.
Can the Freedom Caucus Convince Trump to Derail This Awful Budget Deal? If Not, Fiscal Conservatism Is Truly Dead.
The House Freedom Caucus could reverse its trend towards irrelevancy by successfully swaying Trump to turn against the new budget deal.
If President Donald Trump signs the deal into law, he will have authorized a 22 percent increase in federal discretionary spending during his first term in office.
A new book gives insight into Amash's breakup with the Republican Party, which was well underway before Amash said Trump should face impeachment proceedings.
The federal budget situation used to be an emergency. What happened?
A new audit reveals how poor oversight and structural problems allowed one Oakland cop to earn $2.5 million in overtime pay in five years.
House Freedom Caucus Too Busy Scolding Justin Amash To Care About Today's Bipartisan Budget Apocalypse
What's the point of a "limited government" bloc that doesn't limit government?
Making infrastructure funds fun again!
Trump's budget projects 10 straight years of 3 percent growth. If this forecast fails to materialize, it will make the budget deficits worse than projected.
Once you get past the rosy economic expectations, it's clear that Trump's budget is not a serious effort at fiscal restraint.
The FIRST STEP Act called for $75 million for reentry programs. It's not listed in the White House's summary.
And the real outcome is likely to be worse, since the budget relies on overly rosy assumptions about future economic growth.