Congress isn't just wrestling with a coronavirus relief package — it has a budget to pass, too

Aug 5, 2020
Congress has to fund the government for the next fiscal year, which begins Oct. 1 — and it's slow going.
House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell after the funeral of Rep. John Lewis in Washington, D.C.
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Breaking down the national debt and budget deficit

Oct 1, 2019
It's a new fiscal year for America. Let's look at our debt.
The National Debt Clock, a billboard-sized digital display showing the increasing U.S. debt, in New York City in 2011.
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The budget deficit last topped $1 trillion in 2012, a very different time

Sep 13, 2019
Back then, the economy was struggling its way out of recession. Now? Not so much.
The U.S. Treasury Department announced Thursday the government deficit has topped $1 trillion for the first time in seven years. Above, the Treasury Department building in Washington, D.C.
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We're heading toward trillion-dollar deficits. Here are 5 things you need to know.

Apr 10, 2018
The Congressional Budget Office says deficits will nearly equal GDP by 2028. That can't be good, right?
The early morning sun strikes the U.S. Capitol in Washington, D.C. 
Photo by Win McNamee/Getty Images

Should you worry about the national debt?

Feb 16, 2018
We have short-term focus but a long-term problem.
Office of Management and Budget Director Mick Mulvaney testifies before the Senate Budget Committee Tuesday on the 2019 budget proposal released the day before.
Win McNamee/Getty Images

Hey, what’s going on in the economy?

Feb 9, 2018
Five days of volatile markets, a five-hour government shutdown and one budget bill later ...
Traders and financial professionals work on the floor of the New York Stock Exchange at the closing bell on Feb. 2.
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U.S. government shuts down for the second time in 2018

Feb 8, 2018
The shutdown came after Kentucky Senator Rand Paul blocked a vote on the budget plan.
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Born in the year of tax reform

Dec 22, 2017
Two 31-year-olds discuss the changes to a tax code that hasn't seen major reform since they were born.
Traffic streaks past the U.S. Capitol on December 20, 2017 in Washington, DC. 
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For its tax plan to succeed, the GOP may need a better pitch to the middle class

Nov 8, 2017
Elections, it’s been said, have consequences, and last night’s local contests were no exception. The Republican losses come at an awkward time in the politics of the American economy — specifically, the tax overhaul plan the GOP’s trying to get…

What's the difference between the national debt and the deficit?

Jun 22, 2017
Both are hugely important to President Trump and congressional Republicans' priorities, but they need a lot of context.
Director of the Office of Management and Budget Mick Mulvaney testifies during a House Budget Committee hearing concerning the Trump administration's fiscal year 2018 budget, on Capitol Hill, May 24, 2017 in Washington, DC.
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