The U.S. government has posted a $1.7 trillion deficit despite warnings about an unsustainable fiscal path moving forward.
Fitch has downgraded the government’s credit rating after years of warning about the growing federal debt in this country.
The national debt will be nearly twice as large as the U.S. economy in 30 years, the U.S. Congressional Budget Office projects.
Texas continues to lead the U.S. with the fastest economic expansion, according to new data released by the Bureau of Economic Analysis.
A new study has shown that states with less restrictive COVID policies outperformed those that had more restrictions.
The U.S. Treasury Secretary Janet Yellen is finally answering for President Joe Biden’s budget’s tax hikes and IRS spending.
The CBO has warned that interest payments on national debt will exceed defense spending during this current decade.
President Biden said it’s “no surprise” that the economy is slowing down as the Bureau of Economic Analysis reported that GDP had fallen 0.9% in the second quarter meeting a widely held standard for a recession.
President Joe Biden is considering canceling student loan debt for millions of Americans, a move critics say could increase inflation.
The US economy took a dramatic hit in the first quarter of 2022, with Gross Domestic Product shrinking at a 1.4% pace, lower than experts had anticipated.
Economists across the U.S. expect ongoing inflation as the growth projections for the U.S. economy have plummeted.
The U.S.’ Gross Domestic Product grew only 2% for the third quarter of 2021, signaling bad news for the economy.