Further, when coupled with a crackdown on outright fraud, the federal deficit could be cut by hundreds of billions more.

The current national debt held by the public was $31.27 trillion on March 31, but nominal gross domestic product was $31.22 trillion.

American debt has just hit a disastrous history-making milestone, politicians are finally feeling to weight of endless spending.

CRFB president Maya MacGuineas said, the borrowing is due to "a total bipartisan abdication of making hard choices."

The White House highlighted the historic nature of Trump's military budget request by comparing it to World War II and the Reagan Era.

Trump's top economist, Kevin Hassett, set the record straight regarding the impact of the administration's policies on the national debt.

President Donald Trump only began implementing the new tariffs in April, when over half the fiscal year was through.

There is one dark cloud looming on everyone's horizons that we cannot forever ignore: The U.S. national debt.

House Majority Leader Steve Scalise argued persuasively that the best thing to do with billions in tariff revenue is lower the deficit.

The latest numbers show President Donald Trump is delivering on the economy as the deficit falls and revenues rise.