The U.S. government's budget deficits are now projected to worsen throughout the next decade when compared with earlier forecasts this year, according to a new report by the nonpartisan Committee for ...
WASHINGTON, DC: The U.S. surpassed $35 trillion in federal debt at the end of July and recently passed $1 trillion in quarterly interest payments. (Photo by Kevin Dietsch/Getty Images) In July, the ...
Businessman carrying a oversized tax-bag on his back. Isolated on a blue background with copy space to the left. Federal government spending and taxation are significant points of discussion among ...
The net federal debt is about 100% of annual GDP. A high debt-to-GDP ratio raises interest rates. It makes the United States hostage to the emotions of international investors. The Congressional ...