The federal budget is on an unsustainabl fiscal trajectory, according to a new report from the nonpartisan Congressional Budget Office.

Despite a growing economy and low unemployment, federal budget deficits are projected to grow over the next 10 years.

The federal deficit is growing during a period of economic expansion — a pattern that is highly unusual.

It’s important for lawmakers to consider the many available policy options for improving that outlook.

Significant damage was done to America’s fiscal outlook over the past year.

The International Monetary Fund warns that U.S. debt levels pose a risk for future economic growth and fiscal stability.

Trillion-dollar annual deficits not seen since the Great Recession are expected to return as soon as next year.

Outside of the recent recession caused by the financial crisis and its aftermath, the U.S. government has never witnessed deficits that exceeded $1 trillion.

The dangerous path of federal debt remains a critical issue for our economy, and changes to spending and tax policies are necessary to put the nation on a sustainable path.

Federal debt is already at its highest level since 1950 and is projected to climb to 152 percent of GDP under current law by 2048 — by far an all-time high.