The federal deficit for 2020 was three times the size of last year’s deficit. It was the government’s largest annual shortfall in dollar terms.
The Treasury Department last offered a 20-year bond in the 1980s. This spring, it's betting that certain types of investors will want to include them in their portfolios.
John Harwood of CNBC explains why Republicans "support spending cuts in theory" but have a hard time getting there in practice.
This is despite a revenue boost from President Trump’s tariffs on imports.
But what's Europe's definition based on, anyway?
Politicians have been pretty quiet lately about the $800 billion budget deficit. That's about to change.