Government News

Congress hasn’t balanced the budget in 25 years.Fiscal year 2026 ended last week, and while official figures aren’t out yet, it looks like the federal government spent $2 trillion more than it took in. That’s not quite a record—in dollar…

The federal interest burden has reached a new height, exceeding even the 1991 record, but analysts warn the risks associated with servicing the ever-growing national debt today are much higher than they were 35 years ago, analysts warn. A recent…

The Treasury Department on Wednesday said it will buy back up to $6 billion of government debt in an operation aimed at keeping bond markets functioning. The much-anticipated announcement triples the normal buyback operation and follows a statement Aug. 19…

On August 20, the District of Columbia’s Medical Debt Mitigation Amendment Act of 2026 (B26-0438) became law without the Mayor’s signature after the D.C. Council passed the bill unanimously. In relevant part, the law prohibits health care providers and debt collectors from reporting medical…

The 10-year Treasury note yield reached a fresh multiyear high on Wednesday as inflation and debt concerns pressured global government borrowing costs. The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt —…

The national debt passed the $40 trillion mark last week. While the record number is staggering on its face, equally concerning is that the debt more than doubled in just 10 years. There are many reasons for this: emergency spending…

US national debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show. The rise reflects years of heavy spending under both the Trump and Biden administrations, along with higher interest payments that have…

The Republican-led U.S. Senate passed a temporary measure to fund federal agencies through December 11 on Saturday, in a move intended to avert a crippling federal government shutdown weeks before the November midterm elections. The Republican-controlled House of Representatives passed…

U.S. Treasury yields held steady on Wednesday as traders mulled over the outlook for interest rates and weighed a weaker-than-expected jobs reading from payrolls processing firm ADP. The 10-year U.S. Treasury note yield — the main benchmark for mortgages, auto loans and credit card…

WASHINGTON, July 13 (Reuters) – Growing refunds ‌from President Donald Trump’s tariffs, after they were ruled illegal, pushed the June federal budget deficit to $120 billion, the U.S. Treasury Department said on Monday, a sharp reversal from the $27 billion…