The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.

As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the Congressional Budget Office provided a dour forecast.

The Congressional Budget Office has shrunk its projections for the U.S. population in 30 years to 372 million residents. That's a 2.8% drop from last year's projections.

George Will, an anti-Trump columnist for The Washington Post, wrote a scathing assessment of President Biden's actions as president as he prepares to leave office.

As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, Congress’s nonpartisan bookkeeper reported Friday, with debt and deficits set to reach record levels.

As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.

The Navy's plan for its future fleet would require $1 trillion and a drastic increase in productivity at the nation's shipyards.

The Congressional Budget Office has revised its 30-year population projection for the United States to 372 million residents, which is a 2.8% decrease from the previous year.

The Navy's 2025 plan would cost 46 percent more each year—when adjusted to take out inflation—than the average amount dedicated yearly over the past five years, the CBO said. The total shipbuilding costs would cost $40 billion annually over the next 30 years in today's money, coming in at 17 percent more than the Navy estimates.

Donald Trump's choice to oversee the federal budget, Russell Vought, defended the U.S. president-elect's goal of cutting spending by refusing to spend money that Congress has already authorized at a Senate confirmation hearing on Wednesday.

Labor Department data shows that consumer prices rose a combined 20.8% during the course of Biden’s presidency, but people’s average weekly earnings rose just 17.4% over the same period. That meant people’s incomes didn’t keep pace with their expenses — and it, predictably, left people viewing an otherwise healthy economy as weak.