Congressional Budget Office
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Business
Griffin Warns Bond Markets May Punish U.S. as Interest Costs Top $1 Trillion
Annual net interest payments on the national debt hit $1.05 trillion in fiscal 2026, an 8% jump from the prior…
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Business
Kirby’s 100% Inheritance Tax Idea Runs Into Constitutional Wall, Estate Planning Reality
United Airlines CEO Scott Kirby‘s call for a national wealth tax and inheritance rates approaching 100% landed in a policy…
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Business
U.S. Debt Service Costs Surge $115B as Deficit Nears $2T
The cost of servicing the U.S. national debt jumped by $115 billion in fiscal year 2026, an 11% increase that…
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Business
$10 Trillion Debt Wall Hits as Bond Yields Shatter Forecasts
More than $10 trillion in U.S. government debt matures over the next 12 months. Treasury Secretary Scott Bessent must refinance…
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Business
Social Security Insolvency Looms in 2032 as SSA Focuses on Data Cleanup
Frank Bisignano, who simultaneously serves as Social Security Administration commissioner and IRS CEO, stated Monday that the federal retirement program…
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Business
Treasury Secretary Bessent Rebukes Warren Over Yield Surge, Invokes Inflation Record in Sharp Exchange
Treasury Secretary Scott Bessent fired back at Senator Elizabeth Warren over her demands to explain rising long-term borrowing costs, delivering…
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Business
CBO Warns U.S. Cannot Grow Out of Its $40 Trillion Debt
The United States cannot rely on faster economic growth alone to stabilize its ballooning national balance sheet, Congressional Budget Office…
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Business
Medicaid Cuts Strip Coverage From Refugees, Trafficking Victims
Hundreds of thousands of legally present immigrants lost Medicaid coverage on Oct. 1, severing access to prescription drugs, ventilators and…
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Business
U.S. Budget Deficit Reaches $2 Trillion in Fiscal 2026
A relentless rise in borrowing costs and expanding entitlement obligations pushed the U.S. budget deficit to $1.993 trillion for fiscal…
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Business
U.S. Debt Interest Hits $1.1 Trillion as Yields Top 5%
Interest payments on the U.S. national debt reached $1.1 trillion in fiscal 2026, consuming 3.4% of gross domestic product and…
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