National debt tops $40 trillion after doubling in under 10 years

Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.

• Aug 21

Despite Trump's promised cuts, U.S. spent more than $200 billion more so far than last year

Despite President Trump's promise of cuts, the federal government has spent more than $200 billion more in his first 100 days than the same time period last year.

• Apr 30, 2025

Biden signs debt ceiling bill that pulls U.S. back from brink of default

With just two days to spare, President Joe Biden has signed legislation that lifts the nation's debt ceiling.

• Jun 3, 2023

What's next on the debt ceiling: Selling the plan and making a deal into a law

To pass their debt ceiling deal, House Speaker Kevin McCarthy and President Joe Biden will now have to sell it to their respective parties.

• May 28, 2023

White House claims GOP plans would add $3 trillion to national debt

President Biden claims GOP policies would add $3 trillion to the national debt.

• Feb 15, 2023

Yellen describes "catastrophe" that will result if debt limit isn't raised

The treasury secretary warned household payments on mortgages and auto loans would go up, and other payments to military families and seniors would not be made.

• Feb 14, 2023

U.S. hits debt limit, prompting "extraordinary measures" to avoid default

"I respectfully urge Congress to act promptly to protect the full faith and credit of the United States," Yellen wrote to congressional leaders.

• Jan 19, 2023

Shoppers are dipping into savings and going into debt. That could cause a holiday hangover

Despite high inflation and recession fears, the holiday shopping season appears to be off to a strong start.

• Dec 9, 2022