Discover key arguments for and against a balanced federal budget, exploring potential impacts on national debt, taxpayers, and future economic stability.

A bipartisan commitment to responsible budgeting was once a fundamental part of American governance. Congress borrowed for exceptional situations and reduced the debt burden otherwise. Since the Great ...

The U.S government’s debt hit $37.6 trillion on Sept. 30, the end of the most recent fiscal year. To put that number in perspective, a stack of $1 bills in that amount would be 2.5 million miles tall.

Summit County government staff have been working since summer to reduce a projected $7.5 million general fund deficit in the county’s 2026 budget. At a Dec. 9 meeting, the Summit Board of County ...