There's an economic fantasy you sometimes hear in D.C. It often gets trotted out when politicians are trying to add billions or trillions to the national debt. They claim that all the new spending — ...

The $29 trillion federal debt held by the public is becoming an increasingly local problem. Washington's fiscal challenges have led to increased borrowing costs as well as reduced federal aid to ...

The U.S. national debt is rapidly approaching $37 trillion with no signs of slowing down as President Donald Trump's "big, beautiful bill" is projected to raise budget deficits by $2.4 trillion over a ...

The government's soaring debt balance risks stoking inflation and lowering the quality of life for Americans, economists said.

Having debt is important in times of crises, but if investors think it’s too risky to lend money to a country, interest rates can go up. When the United States spends more money than it takes in ...

Economists agree that high levels of debt is bad and negatively impacts the economy, but not all agree on what should be done about it. Are you ahead, or behind on retirement? SmartAsset’s free tool ...

Republican lawmakers are pushing back on President Trump’s idea of $2,000 tariff checks – raising concerns about the risks to inflation, national debt and the need for congressional approval. Trump ...

The White House has viciously lashed out at anyone who has voiced concern about the debt snowballing under Trump. The tax and spending cuts that passed the House last month would add more than $5 ...

American debt hit a record high of $38 trillion earlier this week. Here's a look at how quickly the debt is growing and how much every American would owe today. A government shutdown isn't the only ...

The rise of the federal debt over the past two decades has prompted countless warnings that the United States is approaching a fiscal reckoning, a day when the government won’t be able to drink all it ...

CHARLESTON, W.Va. (AP) — The trail of debts — and claims made trying to collect them — that dogged Jim Justice well before he became West Virginia’s two-term Republican governor has ballooned since ...

High-speed passenger rail system Brightline’s mid-July decision to defer interest payments on a portion of its debt sent a ripple effect through the high-yield municipal-bond market. Since then, the ...