The federal debt has reached $19 trillion, an omen of increasingly severe financial difficulties for the United States unless Washington approves sweeping budget reforms. Well over $13.6 trillion of that total is known as “debt owed to the public,” meaning…
WASHINGTON -- The Concord Coalition said today that while President Obama’s proposed budget would lower projected deficits and keep the debt stable as a share of the economy over the next 10 years, it would do so with a mix…
A new report, released shortly before Monday’s Iowa caucuses, says that while all of the 2016 presidential candidates in both parties acknowledge that the rapidly growing national debt is a problem, most of their proposals to deal with it fall…
Republican presidential candidate Rand Paul reiterated his support for balancing the budget in five years in a recent Your First Budget interview. “I don’t think we can continue to incur so much debt,” said Paul, a U.S. Senator from Kentucky.…