Congressional Budget Office

FILE - In this April 29, 2020 file photo, a man wearing a mask to protect against coronavirus, waits to cross the street as a digital sign displays groups of people walking above another sign displaying the size of the national debt along an empty K Street in Washington. The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday, Sept. 11. (AP Photo/Andrew Harnik, File)

CBO: U.S. national debt to hit 202% of GDP by 2051, up from 102%

The U.S. national debt is spiraling out of control as Joe Biden continues to back a flurry of costly spending measures.

Senate delays introduction of $1.9T COVID relief bill

The Senate delayed the start of debate on the nearly $2 trillion coronavirus relief bill. The upper chamber was expected to vote on the massive package, which was pushed through by Democrats, on Wednesday.

FILE - In this Jan. 7, 2021, file photo, an empty storefront is seen among other businesses along East Carson Street in the Southside neighborhood of Pittsburgh. The Congressional Budget Office expects that the U.S. economy will grow at a 4.6% annual rate this year, with employment returning to pre-pandemic levels in 2024. (AP Photo/Keith Srakocic, File)

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CBO: U.S. national debt to hit $30T, exceed size of U.S. economy this year

The U.S. is nearing a fiscal meltdown amid a rising national debt and federal spending due to coronavirus lockdowns. The Congressional Budget Office said the national debt is on track to exceed the size of the U.S. economy this year.

oe Biden speaks about the 500,000 Americans that died from COVID-19, Monday, Feb. 22, 2021, in Washington. (AP Photo/Evan Vucci)

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GOP caucus unveils ‘playbook’ to combat Democrats’ $1.9T COVID relief package

A conservative caucus in the House has laid out plans on how to combat Joe Biden’s $1.9 trillion COVID relief bill. On Monday, the Republican Study Committee released a three-page memo to highlight “all the left-wing items Democrats are hoping the public won’t find out about.”