Politics Jan 18 The federal debt tops $34 trillion and some in Congress want a commission to find ways to tackle it By Kevin Freking, Associated Press
Economy Jun 02 Watch 5:54 White House adviser Gene Sperling discusses bipartisan deal to raise debt ceiling Crisis averted. That's the message from lawmakers as the bill to raise the debt ceiling makes its way to President Biden's desk. For the White House perspective on the deal, Amna Nawaz spoke with senior adviser Gene Sperling. By Amna Nawaz
Politics Apr 26 As Biden, McCarthy clash on a federal debt plan, what are the key differences? Staring down a fast-approaching deadline to raise the debt limit, they need to find some kind of common ground as they publicly jostle over the federal government's $31.4 trillion in debt. By Josh Boak, Associated Press
Politics Jan 30 Treasury Department to increase borrowing amid debt ceiling standoff The move highlights the ongoing debate over federal spending that has overtaken Washington, as the U.S. government is on track to max out on its $31.4 trillion statutory borrowing authority — also known as the debt ceiling. By Fatima Hussein, Associated Press
Politics Jan 20 Biden’s first 2 years in office, by the numbers President Joe Biden notches two years in office on Friday. That represents 730 days since his inauguration. The story of the first half of Biden's term — at least by the numbers — is a mixed bag. By Associated Press
Aug 23 Biden administration forecasts $1.03 trillion deficit, down by nearly $400 billion By Fatima Hussein, Associated Press In full, this year's deficit will decline by $1.7 trillion, representing the single largest nominal decline in the federal deficit in American history, the Office of Management and Budget says. Continue reading
Sep 23 AP Explainer: Why the debt limit is again roiling Washington By Josh Boak, Associated Press The idea of the U.S. government breaching its “debt limit” sounds scary. But what, exactly, are lawmakers in Washington fighting about?… Continue reading
Mar 04 CBO expects U.S. federal debt to double over next 30 years By Josh Boak, Associated Press The long-term drivers of managing the debt are rising interest rates and spending on programs such as Social Security and Medicare. Continue reading
Feb 10 Watch 4:07 What Trump’s proposed 2021 budget says about his policy priorities President Trump unveiled a $4.8 trillion budget proposal for the 2021 fiscal year on Monday. His plan includes cuts to Medicaid and other social safety net programs, as well as an increase in funding for the Department of Homeland Security. Continue watching
Aug 01 WATCH: Senate approves budget and debt deal A hard-won budget and debt deal easily cleared the Senate on Thursday, powered by President Donald Trump's endorsement and a bipartisan drive to cement recent spending increases for the Pentagon and domestic agencies. Continue reading