Any attempt to deal with ongoing federal budget deficits and an excess accumulation of debt obligations must accept that reality. No amount of tax rate hikes and new taxes will raise any appreciable ...

The U.S. national debt is the accumulation of money borrowed to cover the national deficit over time ... getting close to the historic high in our history,” Maschino says.

The latest data on the Federal Budget Balance, a key indicator of the U.S. government’s fiscal health, has been released. The figures reveal a budget deficit of $161.0 billion, a significant ...

the federal deficit has grown from 2.9% in 2016 to nearly 7%. The extension of the individual tax cut provisions of the Tax Cut and Jobs Act, which expire after this year, and enhancements ...