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The words “deficit” and “debt” disappeared from the Republican lexicon once Donald Trump became president. Members of what was once the party of fiscal responsibility passed the president’s tax-cut proposal, which will add $1.5 trillion to the national debt over the next decade.

The unfortunate byproduct of dysfunction in Washington, D.C., is an exploding federal deficit.

President Trump oversaw a massive increase in the deficit during his first full year in office, the Treasury Department announced Monday, pointing to

For all the talk of excessive spending in Washington, no major program saw a double-digit percentage increase in the fiscal year that ended Sept. 30.

Diane Lim, a principal at District Economics Group and former chief economist for The Concord Coalition, draws a parallel to personal finances in explaining the federal deficit.

WASHINGTON -- The Concord Coalition today warned that the rapidly rising federal budget deficit -- totaling nearly $779 billion in Fiscal Year 2018 -- reflects a structural gap between spending and revenues that is largely ignored in Washington even as it grows worse.

Social Security benefits for more than 67 million Americans will increase 2.8 percent next year, the federal government announced yesterday.

Concord’s National Field Director, Phil Smith, will speak to the Atlanta Electrical Contractors Association. He will deliver Concord’s federal budget Chart Talk presentation. The event will take place at The Georgian Club in Atlanta.

"The prospect of large and growing debt poses substantial risks for the nation and presents policymakers with significant challenges," The Concord Coalition noted in a report this summer. "Substantial risks for the nation."

“People are arguing about spending bills and they do involve a lot of money and they are important, but the stealth spending spree ... often goes overlooked,” says Concord Coalition Executive Director Robert L. Bixby.