Debt as a share of the United States economy is on track to blow through the previous World War II-era record within two decades and keep rising from there, the Congressional Budget Office said in its annual long-term budget report.
President Trump’s proposed budget would add $2.3 trillion more to deficits over the next decade than the White House estimated, the Congressional Budget Office said Thursday.
The US ratcheted up pressure on Venezuelan President Nicolas Maduro on Monday by further tightening economic sanctions against the cash-starved leftist regime.
Global debt hit its highest levels ever and governments should take actions to reduce their indebtedness while the going is still good, the International Monetary Fund said.
Republicans’ tax cuts and the new spending bill Congress approved last month will send the economy surging this year to 3.3 percent growth -- but will also send the deficit soaring back to the record levels of the early Obama years, the Congressional Budget Office said Monday.
Christian ministry Prison Fellowship has praised President Donald Trump for designating April 2018 "Second Chance Month." A little more than a week ago, the group's CEO had expressed concerns over Trump's plan to impose the death penalty on drug traffickers when it is appropriate to do so under current law.
President Trump vowed he would never get snookered into signing another one of Congress‘ bloated, budget-busting spending bills, but the resounding response from Washington was 'fat chance.'
Total U.S. credit card debt has topped $1 trillion for the first time, according to a new report from the card comparison site WalletHub.
Americans’ wealth pushed further into record territory in the final quarter of last year, hitting nearly $100 trillion thanks to rising stock markets and property prices.
The American consumer is loading up on debt.