CBO: Deficit, Public Debt to Double Over Next 10 Years

Despite rising tax collection, government continues to spend outside its means

The deficit is estimated to more than double in 10 years, which is projected to push debt held by the public up to 77 percent as a percentage of Gross Domestic Product (GDP), according to Congressional Budget Office (CBO) estimates.

Government Collects Record-High Taxes in First 10 Months of FY 2015

Despite collecting $2.6 trillion, government still runs $465B deficit

The federal government collected a record amount of taxes in the first 10 months of fiscal year 2015, exceeding $2.6 trillion in revenue, according to the latest monthly Treasury Department statement. Despite the record revenue, the federal government ran a deficit of $465 billion.

The Bloomberg Presidency

Column: Obama puts the priorities of the elite over the people

The future of gun control and immigration reform, and how effective or meaningful either law ultimately would be, remains uncertain. What is certain is that neither guns nor immigration is a public priority, or even close to one.

Likely Voters: Romney More Trustworthy on Budget

Romney: 'I know what it takes to balance budgets. I've done it my entire life.'

Romney edged out Obama, 49-45, when extremely likely voters were asked which presidential candidate they’d trust to manage their family budget, according to a poll commissioned by national debt watchdog Public Notice.

Mr. Vague

Obama's plans on taxes, spending lack specifics, experts say

President Obama’s reelection campaign has settled on two primary criticisms of Republican challenger Mitt Romney: His policy proposals are too vague and he’s lying about the details he puts forward.

Phantom Savings

Obama’s debt-reduction plan is filled with gimmicks

President Barack Obama is perpetuating a repeatedly debunked claim regarding his commitment to deficit reduction, one of the highest priority issues for voters this election cycle.

Obama’s Mediscare Attacks Failing

Public rejects Obama attacks on Ryan plan, new poll shows

Barack Obama’s talking point that Paul Ryan will “end Medicare as we know it” is failing, according to a new poll.