Congressional Budget Office
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Business
30-Year Treasury Yields Hit 5.6% as AI Boom Collides With U.S. Debt
The 30-year U.S. Treasury yield closed at 5.62% on September 30, reaching a level unseen since 2002, while the 10-year…
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Business
30-Year Treasury Yields Hit 2002 Highs as U.S. Debt Tops $147T
The 30-year Treasury yield surged to 5.69% in late September, breaching levels unseen since 2002 and effectively neutralizing Treasury Secretary…
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News
McCarthy’s Debt Ceiling Gamble Faces Revolt From Hardliners as House GOP Struggles to Unite Behind Spending Cuts
House Speaker Kevin McCarthy is attempting to thread a legislative needle with almost no margin for error: assembling 218 Republican…
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Business
Why the $40 Trillion U.S. Debt Is More Exposed to Rate Shocks Than Japan’s
WASHINGTON — net interest payments on U.S. federal debt have reached $1.25 trillion a year, surpassing overall national defense outlays…
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Business
Iran Conflict Costs $38 Billion as White House Calls It “Small Potatoes”
WASHINGTON — The White House has resisted calling the military operation in Iran a war, even as direct Pentagon spending…
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Business
Treasury Turns to Short-Term Debt as Interest Costs Near $1 Trillion
WASHINGTON — Total gross federal debt crossed $40 trillion on Aug. 22, 2026, a 7.3 percent increase since the beginning…
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Business
Rising Health Costs Threaten U.S. Wage Growth
WASHINGTON — In 1960, direct salaries represented 91% of total worker compensation in the U.S. Over the past decade, that…
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Business
U.S. Debt Hits $40 Trillion as Interest Costs Overtake Defense Spending
WASHINGTON — The gross national debt has reached an unprecedented $40 trillion, while the federal budget deficit climbed to $2…
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Business
US National Debt Hits $40 Trillion as Safety Net Is Dismantled, Defense and Immigration Spending Soar
The United States has crossed a historic $40 trillion national debt milestone. This comes as annual federal deficits hover at…
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