America’s debt will be more than 100% of U.S. gross domestic product by later this year, the Congressional Budget Office projects.

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

WASHINGTON (AP) — 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 ...

Explore the history of fiscal deficits in the U.S. from 1789 to now, and understand how early figures like Alexander Hamilton addressed budget shortfalls in the country.