CRFB warned the actual fiscal outlook could be far worse than even the latest sobering projections.
The government hit the debt ceiling back in January which blocked any net new debt from being created from January to June.
The ballooning debt is owed in part to a tax cut Trump enacted, a report says.
The U.S. national debt is set to break a World War II record by 2030, reaching 108% of GDP as the Congressional Budget Office warns of mounting fiscal challenges ahead.
The latest projections show U.S. debt will continue to grow over the next decade, hitting 120% of gross domestic product by ...
A report on Monday said regulators told banks in China to dial back Treasury holdings. Bond yields edged higher and the ...
The C.B.O. said that the amount of debt held by the public is expected to become much larger than the annual output of the ...
China told its banks to reduce holdings of US government debt this week, with market pros split on how the move could impact the US and Treasury markets.
A new big buyer has emerged in U.S. Treasuries and bullion markets.
The U.S. government added $696 billion to the national debt over the past four months, borrowing $94 billion in the month of ...