The national debt already exceeds $36 trillion and is growing at historic rates. That has cascading consequences for the government and economy.

The U.S. government's spending dramatically increased between 2019 and 2020, and over the course of the subsequent three years, it gradually decreased, fiscal data from the U.S. Treasury shows.

Data: Committee for a Responsible Federal Budget; Chart: Axios Visuals Both presidential candidates' agendas would add trillions to already-enormous U.S. fiscal deficits over the next decade ...

The charts below are based on information from the Congressional Budget Office, which does nonpartisan analysis for Congress. The totals are based on fiscal year 2023.

WASHINGTON (Reuters) - U.S. President Donald Trump's administration on Friday proposed a $163 billion cut to the federal budget that would sharply reduce spending on education, housing and medical ...

During the Cold War, from the late 1940s until the Soviet Union's dissolution in 1991, U.S. defense spending ranged from 4.9 percent of GDP to a high of 16.9 percent in 1952 during the Korean War.

The CBO, a non-partisan budget agency, last week issued fresh forecasts for the U.S. budget deficits for the next 10 years. They showed a slightly improved fiscal picture compared to its previous ...

Over the past decades, the U.S. has run a budget deficit, meaning that it spends more than it receives in revenue. The federal budget is often politicized by both sides of the Congressional aisle ...

The total U.S. federal budget is $6.1 trillion, and in fiscal year 2022, the U.S. sent $70.4 billion in foreign aid. That is 1% of the total budget.