Discover how deficit spending works and stimulates the economy, guided by Keynesian theory. Learn about its impact, benefits, and criticism.

Discover how a balanced budget ensures financial health by equating revenues with expenses. Learn its definition, benefits, ...

The national debt is, well, monumental. Currently, it’s north of $34 trillion. There are all kinds of ideas for shrinking the government’s annual budget shortfall and minimizing its impact on the ...

The annual federal deficit declined by $1.4 trillion on Biden’s watch, from 2021 to 2022. That was larger than any previous one-year reduction in the deficit. Looking at the two-year period from 2021 ...