The Committee for a Responsible Federal Budget sees a critical threshold crossing by 2031—and the consequences could be nearly impossible to reverse.

U.S. national debt hits historic $39 trillion milestone, growing from $38 trillion in five months as deficits surge and ...

The gross national debt of the United States reached $39 trillion yesterday, according to the U.S. Treasury. The gross debt reached its previous milestone of $38 trillion in October of last year.

"Markets are paying close attention to our fiscal situation, and every time we hit a new milestone, we risk spooking them," said Maya MacGuineas.

"At the current growth rate, we will hit a staggering $40 trillion in national debt before this fall's elections. Borrowing trillion after trillion at this rapid pace with no plan in place is the ...

Under CBO’s latest projections, the interest rate will exceed the growth rate (R>G) starting in 2031, when both are projected to total about 3.8% on a nominal basis and 1.8% on a real basis. Over time ...

In the book When We Are Free, an anthology published by Northwood University Press with a foreword by Milton Friedman, ...

Budget experts agree on one thing. The debt is on an "unsustainable" trajectory.

The U.S. national debt surpassed another historic milestone as it topped $38 trillion for the first time this week, as the federal government continues to rack up debt at a record-setting pace. New ...

The richest man in the world joins prominent financial leaders in supporting a plan to lower the deficit to 3% of GDP.