National debt

Do Debt and Deficits Matter? It Depends on Who's Minding U.S. Fiscal Policy: Podcast
CQ on Congress, Episode 116

Chairman Kevin Brady, R-Texas, sits in front of books of the U.S. tax code, during a House Ways and Means Committee markup of the Republicans' tax reform plan in November. (Tom Williams/CQ Roll Call file photo)

The Congressional Budget Office recently revised its earlier, already dire warning that the national debt will be 150 percent larger than the entire U.S. economy within 30 years — and GOP budget and tax proposals could make a bad situation much worse.

CQ News editors Patrick B. Pexton and Pete Cohn discuss the political landscape of debt and deficits heading into what could be a fateful midterm election.

Podcast: Ticking Debt Bomb
CQ Budget, Episode 67

A GPO worker stacks the budget for fiscal 2018. (Tom Williams/CQ Roll Call file photo)

BY DAVID LERMAN AND PAUL M. KRAWZAK

The Congressional Budget Office recently issued an alarming report on the nation's debt outlook, which CQ senior budget reporter Paul M. Krawzak says should worry millennials.

Capitol Ink | Quagmire