The Latest Breaking News from National Debt

Reagan's budget chief warns that the One Big Beautiful Bill Act could balloon the national debt to $60 trillion, risking a catastrophic bond market crisis.

Republicans argue that growth is the best way to rebalance America’s books, but economists fear that tax cuts may be the final nail in the coffin for national debt.

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

Prominent US senators warn Trump to ‘get serious’ about addressing budget deficit or they will block ‘beautiful bill’

Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.

It’s no secret the national debt is on an unsustainable path.

The US has the highest national debt in the world, a quarter of which is owned by other countries.

Friday's announcement by Moody's and the House Budget Committee vote could have been a turning point.

A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.

Republicans are at odds on whether to pass Trump’s tax cuts, which could introduce $4.6 trillion to the national debt over the next decade

Larry Fink, CEO of BlackRock, has warned national debt could lead to Bitcoin becoming a preferred reserve currency over the dollar.