The Latest Breaking News from National Debt

The late American satirist P.J. O’Rourke once cracked that “Giving money and power to government is like giving whiskey and car keys to teenage boys.” The $32 trillion national debt is one testament to the accuracy of his observation. The billions and billions of dollars that Washington squandered during the…

France managed to avoid a fresh credit downgrade from a leading rating agency on Friday, despite mounting concern over the country's surging national debt.

Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling

"If the future is what you care about, then doing things that hurt the future doesn't make sense.”

The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.

Watch live outside the White House as President Joe Biden meets with House SpeakerKevin McCarthy on Monday 22 May, after their first meeting on Sunday to try to break the stalemate over legislation to raise the national debt limit.

There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?

As political leaders work to reach a deal to raise the debt ceiling, some online have pointed fingers as to who is to blame for the national debt

The debt ceiling debate between the House GOP and President Joe Biden could, if not solved, lead to economic chaos and destruction – so it might seem strangely lighthearted to wonder what a Great Depression-era singer and activist would think about this particular political moment.