Extending President Donald Trump's 2017 tax cuts could push the national debt to vast levels by 2054, especially if interest rates rise, according to a new estimate by the Congressional Budget Office.

Data: Committee for a Responsible Federal Budget; Chart: Axios Visuals Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of ...

Moody’s cites the unchecked rise of federal debt as a percentage of GDP, along with ballooning interest costs due to higher borrowing rates. That gloomy debt trajectory will likely worsen as ...

The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending. The national debt — which ...

The national debt has been an issue in the country for decades. But concern about the debt has peaked for two reasons. First is the debt’s size, today totaling $36 trillion. As a percent of the ...

It would allow Republicans to cut taxes by more, trim spending by less and increase the federal debt by far more. The budget itself is spare on policy details. But Congress still needs to write ...

Some want to make the 2017 Tax Cuts and Jobs Act permanent. Others want to reduce our $36 trillion national debt and prevent it from reaching $65 trillion by 2034. The goal should be economic ...