Feds Kick off Fiscal 2025 With Another Big Deficit
After running the third-largest budget deficit in history in fiscal 2024, the federal government kicked off fiscal 2025 with more of the same. The federal government ran a $257.45 billion budget shortfall to start the new fiscal year, with revenue down and spending...
Feds Run Third-Largest National Debt Ever as Interest Payments Eclipse $1 Trillion
In one of the biggest economic stories of the year that nobody seems to care about, the Biden administration ran the third-largest budget deficit in history in fiscal 2024, and paid over $1 trillion just on interest payments on the debt. This is the kind of borrowing...
The National Debt in Perspective
U.S. government borrowing and spending never stops. The federal government ran another big deficit in June, as the national debt inches closer to $35 trillion. $35 trillion. Trillion with a ‘T.’ That’s an unfathomable number. It’s meaningless...