In almost every election cycle, politicians toot their own horn when it comes to rising wages, pointing to higher paychecks as proof that the average worker is thriving. But under the Biden administration,

"Governments have long mobilized private wealth to support public finances. There are several approaches," UBS chief economist, Paul Donovan, outlined in a recent call.

The letter demanded Trump and members of Congress approve a plan by July 4, 2026 – the nation’s 250th anniversary – to put the federal government on track to reach a balanced budget.

Taxpayers will pay $48.1 billion in interest payments on state and federal debt this year, equivalent to about $1700 per person.

Breaking down the national debt. Every year, the United States government spends money on programs and services like Social Security and healthcare while receiving revenue through methods like federal income taxes. When the nation spends more than it ...

On Wednesday, the Federal Reserve and Fiscal Challenge Club held a booth on Library Lawn for students to sign a petition recognizing the national debt.

In light of the nation’s $38 trillion national debt, U.S. House lawmakers met Wednesday to discuss ways to structure a constitutional amendment mandating that Congress pass deficit-neutral budgets.