January 15, 2023 | 8:47 AM
The U.S. could hit its debt ceiling within days. Here’s what you need to know.
The ceiling was last raised by $2.5 trillion in December 2021 to a total of $31.4 trillion
tag | federal deficit
February 11, 2021 | 4:01 PM
Federal budget deficit expected to hit second largest since World War II
Congressional forecasters expect the federal deficit will hit the second largest in decades, even without factoring in President Biden’s proposed $1.9 trillion coronavirus relief plan.
July 13, 2020 | 5:33 PM
Red ink overflowing: In June, U.S. borrowed a typical year’s worth
Washington spent hundreds of billions of dollars trying to prop up small businesses and assist laid-off workers.
August 22, 2019 | 5:50 AM
Report shows US deficit to exceed $1 trillion next year
"Federal debt, which is already high by historical standards, is on an unsustainable course."
