The Congressional Budget Office is projecting that federal debt held by the public will climb relentlessly, breaking the ...

If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or ...

The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if ...

In the report, the CBO also said it expects publicly held debt to reach 156% of gross domestic product in 2055, down from 166% by 2054, it predicted in last year’s report. The report said that ...

The debt ceiling does nothing to control spending—and puts the U.S. economy at risk. Congress should eliminate this outdated ...

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even ...

The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget ...

The CBO said U.S. debt held by the public is on track to reach its highest level ever in 2029 before reaching 156% of gross domestic product in 2055. Gross domestic product is a measurement of ...

Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, ...

The U.S. government has until August or September to lift the country’s borrowing limit to avert a default on its ...

The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to ...