Latest National debt News

Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor

Nov. 22, 2024 20:22 PM EST

WASHINGTON (AP) — President-elect Donald Trump announced Friday that he'll nominate hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary. Trump also said he would nominate Russell Vought to lead the Office of Management and...

New analysis suggests national debt could increase under Harris, but it would surge under Trump

Oct. 07, 2024 16:47 PM EDT

WASHINGTON (AP) — No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris' and Donald Trump's economic plans. The analysis released Monday by the nonpartisan Committee for a Responsible Federal Budget suggests a Harris presidency...