The Debt
  • 42. District of Columbia

    Deficit Soaring in 2018

    By The Fiscal Times Staff

    The federal deficit was 32 percent larger in the first 11 months of fiscal year 2018 than it was during the same time period in 2017, the Congressional Budget Office announced Monday. The deficit...

  • The Cost of War Since 9/11

    By Michael Rainey

    The wars in Afghanistan, Iraq and Syria have cost the U.S. more than $1.5 trillion, according to Department of Defense data reported by CNCB Monday. The Pentagon report covers war-related operational...

  • Brady Ryan GOP Tax Plan

    Tax Cuts 2.0: What’s in the GOP Plan and Why It Matters

    With an eye toward November’s midterm elections, House Republicans on Monday unveiled legislation to make permanent the individual tax cuts and pass-through business deductions that were set to...

  • Trump speaks with Mexican President Enrique Pena Nieto about NAFTA  at the White House in Washington

    Trump Wanted Higher Taxes on the Rich – and to Print Lots of Money: Woodward

    By Michael Rainey

    Bob Woodward’s book on the Trump administration, “Fear: Trump in the White House,” hits bookstores Tuesday but has been making headlines for about a week as details leak out. According to a review of...

  • Former U.S. President Barack Obama speaks at the University of Illinois Urbana-Champaign

    Obama: 'Suddenly Deficits Do Not Matter'

    Former President Barack Obama stepped back into the political fray on Friday, delivering a blistering rebuke of President Trump and the Republican Party while signaling how he plans to campaign on...

  • Demand at Treasury Auction Is ‘Lame’

    By Michael Rainey

    The U.S. Treasury’s latest auction saw relatively weak demand Tuesday, with prices edging lower and interest rates moving higher. “Overall bidding at the $31 billion U.S. Treasury three-year note...

  • Record Budget Surplus in April

    By Michael Rainey

    It may seem a bit odd to talk about a budget surplus at a time of soaring deficits, but tax receipts are coming in stronger than expected in April and the Congressional Budget Office is now...

  • Moody's downgrade gives edge to safe-haven banks

    Why $21 Trillion in Debt Doesn't Bother the Credit Agencies

    By The Fiscal Times Staff

    The U.S national debt has surpassed $21 trillion, up 2.8 percent since the start of the year, but two of the leading credit agencies aren’t worried about the country’s ability to keep up with its...

  • Why the Deficit Outlook Could Be Even Worse Than It Seems

    By The Fiscal Times Staff

    The Congressional Budget Office warned earlier this month that the U.S. will start running $1 trillion deficits in 2020, and that the national debt will be nearly as large as the economy in a decade...

  • FILE PHOTO - An investor looks at a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, December 5, 2016.     REUTERS/Steven Saphore

    Here's Why You Shouldn't Panic as 10-Year Treasury Yield Tops 3%

    Yields on 10-year Treasuries hit the widely watched and psychologically significant 3 percent level Tuesday for the first time since January 2014, continuing a months-long climb that has been driven...

The Debt Directory

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