National debt interest and entitlement spending push FY2026 federal budget deficit toward $2 trillion

Federal spending on national debt interest, Social Security, Medicare and Medicaid drives the budget deficit $35 billion higher than last year.
The Christian Science Monitor

America’s debt is skyrocketing. Why isn’t Congress doing anything about it?

The U.S. government is spending well beyond its means at a breathtaking pace. Members of Congress say they care, but neither ...
Hosted on MSN

Tariffs and the $38 trillion national debt: Kevin Hassett sees 'big reductions' in deficit while Scott Bessent sees a 'shrinking ice cube'

Kevin Hassett, director of the National Economic Council and the current favorite to take over as Federal Reserve chair, argued on Thursday that President Donald Trump’s sweeping tariffs are playing a ...
AOL

Deficits boost U.S. debt but also inflate corporate profits and stocks, so reducing red ink could trigger a financial crisis, analysts warn

Massive budget deficits have sent U.S. debt soaring past $38 trillion, but they have also become the primary driver of corporate profits and stock valuations, according to Research Affiliates. In a ...

TLT ETF slumps as US debt nears $40 trillion, 30-year yield jumps

The popular iShares 20+ Year Treasury Bond ETF TLT has slumped into a correction as its outflows rose and as long-term US ...
Newsday

CBO: Federal deficits and debt to worsen over next decade

WASHINGTON — The nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social ...