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national debt of the united states

UAE quits OPEC as gas prices hit $4.19 a gallon nationwide

(The Center Square) – The United Arab Emirates announced Tuesday it is leaving OPEC and the broader OPEC+ alliance on May 1, a historic break from the oil producers' cartel that could eventually increase global supply and ease prices at the pump for American consumers, although relief is unlikely to

Trump's $1.5 trillion military budget: What taxpayers are getting

(The Center Square) – The Pentagon's top budget official said Tuesday that the agency's failure to pass eight consecutive audits shouldn't stop Congress from approving the largest military budget in American history, a $1.5 trillion request that represents a 42% increase over current spending.

Kurt Alme: 'Daines dropout dodged Tester trouble' in Senate race

U.S. Sen. Steve Daines’ last-minute re-election withdrawal and immediate endorsement of former federal prosecutor Kurt Alme to take his place was to avoid a high-profile Democratic challenger and reduce Republicans’ risk of losing Senate control, Alme told the Chronicle on Monday. Critics say Daines withdrawing mere

US budget deficit remains steady in first quarter of 2026

The US budget deficit remained virtually stable during the first three months of 2026, as increased revenue -- primarily from income taxes and customs duties -- offset an acceleration in spending. Between January and March, the deficit stood at $164 billion, $4 billion higher than in the same period a year earlier,

Report: U.S. added $1.2 trillion to national debt in six months

(The Center Square) – The U.S. government added $1.2 trillion to the national debt over the past six months, borrowing $163 billion during March alone, the Congressional Budget Office reports. At the current rate of borrowing, federal deficits are on track to top $2 trillion by October, the end

Deficit watchdog urges Congress to cut more, spend less than Trump's budget request

(The Center Square) – As congressional Republicans begin considering how to implement President Donald Trump’s budget request into next year’s government funding bills, fiscal responsibility groups are urging them to find more spending offsets. Trump’s “skinny” budget blueprint for fiscal year 2027 asks for a total of $1.

Policy analysts: Future of deficit reforms unknown

Policy analysts: Future of deficit reforms unknown

(The Center Square) – Some Republicans have recently introduced bipartisan legislation in the House and Senate aimed at addressing the federal deficit and ultimately reducing the federal debt, though opinions vary on whether Congress will make meaningful progress on the issue anytime soon. At over $39 trillion, the debt today stands