The Latest Breaking News from National Debt

See why U.S. debt will continue to rise, thanks to factors such as inflation, Medicare, and Social Security spending.

The late American satirist P.J. O’Rourke once cracked that “Giving money and power to government is like giving whiskey and car keys to teenage boys.” The $32 trillion national debt is one testament to the accuracy of his observation. The billions and billions of dollars that Washington squandered during the…

The United States has the world’s largest national debt at $31.4 trillion.

Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling

"If the future is what you care about, then doing things that hurt the future doesn't make sense.”

The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.

Watch live outside the White House as President Joe Biden meets with House SpeakerKevin McCarthy on Monday 22 May, after their first meeting on Sunday to try to break the stalemate over legislation to raise the national debt limit.

There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?

As political leaders work to reach a deal to raise the debt ceiling, some online have pointed fingers as to who is to blame for the national debt