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national debt of the united states

Federal deficit totaled $1 trillion in beginning of FY2026, CBO says

(The Center Square) - The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office. The latest federal deficit estimate is $142 billion less than the deficit from this time in the previous fiscal year. The CBO saw

U.S. House introduces bill to require national debt transparency

(The Center Square) – Lawmakers introduced a bill to require greater transparency on the national debt and GDP. Reps. Lloyd Smucker, R-Penn., and Jared Golden, D-Maine, introduced the Debt-to-GDP Transparency and Stabilization Act on Wednesday. The legislation would require the president to submit reports in his annual

International Monetary Fund says U.S. federal debt 'too big'

(The Center Square) – A report from the International Monetary Fund warns that U.S. debt is likely to remain elevated in the coming years, a risk for the U.S. and the global economy. "The conclusion is that the current account deficit is too big," IMF Managing Director