Economics ❯ Macroeconomics ❯ Fiscal Policy ❯ Government Spending

Deficit Spending

CBO Outlook Shows Bigger Deficits, Debt Reaching 120% of GDP by 2036

CBO blames the deterioration chiefly on the 2025 tax law, with tariff revenue only a partial offset.

Ron Johnson Says U.S. Can’t Afford Trump’s $2,000 Tariff Checks

Carney Tables Budget With $89.7 Billion in New Spending, $78.3 Billion Deficit and Public‑Service Cuts