The U.S. national debt has surpassed $32 trillion for the first time in U.S. history, Treasury Department data released on June 17 showed. The national debt as of June 16 is at an all-time high of $32.04 trillion, according to the Treasury’s daily statement (pdf). This represents about $25 trillion in debt held by the public, and about $7…

The FBI agreed to release an internal document related to President Joe Biden, averting possible contempt charges for FBI Director Christopher Wray. There are forecast predictions that relief from the smoke due to the Canadian wildfires is in sight, at least for the Northeast, as a low-pressure system is helping blow the smoke to the North….

The FBI agreed to release an internal document related to President Joe Biden, averting possible contempt charges for FBI Director Christopher Wray. There are forecast predictions that relief from the smoke due to the Canadian wildfires is in sight, at least for the Northeast, as a low-pressure system is helping blow the smoke to the North….

Commentary Let’s get one thing off the table. Putting aside the Biden administration’s fear-mongering, the U.S. government will not substantively default on its debt in June 2023. The game of high-stakes chicken being played right now with congressional leadership will resolve before it is too late. In brief, the administration and Democrat leadership want to raise…

With the United States on the brink of default, “woke” ideology is the last place the federal government should be spending the taxpayers’ money, according to a conservative think tank. Speaking before members of the House Budget Committee on May 11, Center for Renewing American Policy Director Paige Agostin described woke-ness as an identity-based form…

Senate Republicans stood firmly behind the efforts of House Speaker Kevin McCarthy (R-Calif.) to tie a debt ceiling increase to spending cuts on May 10, despite criticism from Democrats and President Joe Biden. “The adult in the room has been Speaker McCarthy and the House Republicans,” Sen. Steve Daines (R-Mont.) told reporters at the Capitol…

As President Joe Biden prepared to welcome House Speaker Kevin McCarthy (R-Calif.) to the White House on May 9 to resume their debt ceiling negotiations, the pressure for the president to bend on the issue was on the rise. The meeting—which will also involve Senate Majority Leader Chuck Schumer (D-N.Y.), Senate Minority Leader Mitch McConnell…

After months of stalled debt ceiling negotiations, President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) will meet May 9 to discuss possible paths forward to prevent a looming default. Set to take place at the White House, the summit will mark the first such meeting since Feb. 1, and will also include Senate Majority…

As members of Congress continue their deliberations over the national debt crisis, a bipartisan group of lawmakers are renewing their efforts to cut down on “wasteful” government spending. Legislation passed by the Senate in December aims to address the problem by requiring federal agencies to provide Congress with a list of programs for potential consolidation…

Reducing deficit spending by 50 percent, measured as a percentage of the nation’s gross domestic product (GDP), would stop the growth of the national debt in 10 years, says Phillip Swagel, director of the Congressional Budget Office (CBO). GDP is the total market value of all finished goods and services produced in the country. The…