Jan 02 The GOP’s biggest spending challenges in 2018 By Lisa Desjardins Republican leaders are poised to add a few trillion dollars to the national debt over the next decade. Continue reading
Dec 03 Why Republicans who once fought budget debt now embrace it By Josh Boak, Associated Press Over the next decade, the Republican tax plan would add at least $1 trillion to the national debt on top of an additional $10 trillion in deficits over the same period. This borrowing spree would mark a sharp reversal for… Continue reading
Oct 25 Republicans face Sophie’s choice between lowering debt and cutting taxes By Lisa Desjardins Republicans are facing an internal divide as two central GOP pillars collide: cutting taxes and reining in the federal budget. Continue reading
Sep 07 Watch 3:36 What you need to know about the federal debt ceiling, and why you should care By PBS News Hour An agreement between President Trump and Democrats for a three-month extension for the debt ceiling means Congress temporarily ducks a political debate. But the recurring battle will surface again in December. What could happen if we don’t raise the debt… Continue watching
Feb 28 How Trump’s budget proposal could affect America’s debt By James McBride, Council on Foreign Relations With the U.S. national debt expanding rapidly over the past decade, the state of the federal budget has come under intense scrutiny. The annual deficit spiked following the 2008 financial crisis, and budget analysts say that without reform government spending… Continue reading
Oct 27 Watch 8:16 Why rich nations may be their own worst enemy By PBS News Hour Economist Todd Buchholz rails against what America has become: a people who want everything but aren’t willing to pay for it. In “The Price of Prosperity,” he suggests that wealthy nations such as the U.S. inflict harm on themselves, even… Continue watching
Jun 27 Column: Trump’s policies would massively increase the national debt By Maya MacGuineas It’s four months until Election Day, and neither of the presumptive nominees of the two major parties has a plan to reverse the growth of our record-high national debt. Continue reading
Mar 17 Watch 4:04 What House Republicans hope next year’s budget will look like By PBS News Hour House Republicans revealed their 2016 budget plan, pushing for deep cuts to lower the deficit, while preserving defense spending. What are the political calculations behind the proposal? Political editor Lisa Desjardins joins Gwen Ifill for a look at the priorities… Continue watching
Jan 27 Budget outlook shows deficits, health costs down, but debt continues to rise By Lisa Desjardins, Domenico Montanaro, Rachel Wellford, Simone Pathe Budget cuts and increased revenue have again cut the federal deficit. But the Congressional Budget Office forecasts that under current policy (including the sequester/budget cuts) the deficit will start to rise again in 2018. Continue reading
Dec 11 U.S. passes $18 trillion in debt, and nothing’s being done about it By Domenico Montanaro, Lisa Desjardins, Simone Pathe A story away from the pack for you this morning. Just in case you don’t check the national-debt-to-the-penny website from the Treasury Department regularly, we do. And in the past two weeks, we saw the national debt rise above $18… Continue reading