Congress
US debt forecast to hit $64T in a decade as Trump policies widen deficit
The U.S. national debt is on track to reach $64 trillion within a decade as the federal government continues its trend of red-ink balances under President Donald Trump and Republican control of Congress.
The Congressional Budget Office released its marquee report Wednesday on the U.S. fiscal outlook, estimating that the tax and spending package Republicans enacted last summer — along with Trump’s immigration policies — will increase deficits by trillions of dollars over the next decade. That budget gap would essentially cancel out the roughly $3 trillion in deficit reduction Trump’s tariffs are expected to produce.
Congress’ nonpartisan scorekeeper predicts that the U.S. will run a $1.9 trillion deficit during the current fiscal year as the national debt currently exceeds $38 trillion. The annual deficit is then forecast to grow to $3.1 trillion by 2036.
Growing interest costs and spending on safety-net programs drives the expanding gap between how much money flows into federal coffers each year and how much is doled out.
Debt compared to economic output is also on track to soar in the coming years. CBO predicts that federal debt held by the public will rise from 101 percent of gross domestic product this year to 120 percent in a decade, exceeding the previous high of 106 percent of GDP in 1946.
As the CBO predicted last summer, the Republican megabill Trump signed into law in July will help boost economic growth this year. But that will be partially offset by the economic effects of Trump’s tariffs and increased immigration enforcement.
Rep. Mike Turner (R-Ohio), a longtime lawmaker and former chair of the House Intelligence Committee, lost his bid for reelection to Democrat Kristina Knickerbocker, The Associated Press projected Thursday afternoon, the latest Republican in red territory to be overwhelmed by this week’s blue wave.
That result, alongside National Republican Congressional Committee Chair Richard Hudson’s (R-N.C.) defeat to Richard Ojeda in North Carolina, has vaulted Democrats over 250 seats in the House for the first time since the 2008 election.
Hudson — who had already conceded defeat Wednesday — is the second party committee chair to go down in recent years. Then-Democratic Congressional Campaign Committee Chair Sean Patrick Maloney lost in 2022 to Republican Mike Lawler.
(Lawler also lost Tuesday.)
The AP also projected that two more Republican incumbents — Juan Ciscomani (R-Ariz.) and Jeff Crank (R-Colo.) — also lost amid a massive blue wave, as voters vent their frustrations with President Donald Trump, inflation and the ongoing war in Iran.
Rep. Anna Paulina Luna (R-Fla.) did, however, manage to hang onto her seat — just barely. Trump cruised in her district by more than 13 points in 2024. She won by fewer than 3,000 votes.
Congress
Democrats continue midterm blowout, picking up seats in North Carolina, Virginia and Arizona
Democrats have extended their midterm dominance in North Carolina, notching four more victories — including three flips — in districts affected by Republicans’ mid-decade redistricting push last year.
Democrats Cyril Jefferson, Paul Barringer and Lakesha Womack upset incumbent Republican Reps. Addison McDowell, Brad Knott and Tim Moore, respectively. Elsewhere in the state, two-term Rep. Don Davis (D-N.C.) defeated Republican Laurie Buckhout in the state’s redrawn 1st District. Democrats have now won eight House seats in North Carolina and could still win two more, despite an October 2025 map redraw that favored Republicans in 11 of the state’s 14 seats.
The wins reinforce Democrats’ yawning House majority, which the party secured relatively early Tuesday, as voters punish President Donald Trump and the GOP for sky-high prices and the continued war in Iran.
Davis’ redrawn district favored Trump by more than 11 points in 2024, and he currently leads it by 10,000 votes with 1% of the vote left to count.
The party flipped several more high-profile seats in other states, The Associated Press projected Thursday, with physician Amish Shah besting former NFL kicker Jay Feely in Arizona’s open 1st District. Democrats have long coveted the suburban Phoenix seat, held in recent years by GOP Rep. David Schweikert.
In Virginia, Democratic prosecutor Shannon Taylor flipped a district represented by GOP Rep. Rob Wittman since 2007.
Sam Forstag, a former smokejumper, became the first Democrat to win a House seat in Montana in decades, claiming victory in a district the president won by nearly 12 points two years ago.
Republicans were still able to hold a handful of seats in longtime ruby-red territory, albeit by significantly smaller margins than expected. New York GOP Reps. Andrew Garbarino and Nick LaLota scraped victories in their Long Island districts. So too did Reps. French Hill (R-Ark.), Matt Van Epps (R-Tenn.), John McGuire (R-Va.) and Blake Moore (R-Utah).
House Majority Leader Steve Scalise told GOP committee chairs Thursday to steel themselves for upcoming Democratic investigations into President Donald Trump’s administration and other targets.
“Although they ran on affordability, it is clear the main focus of their new majority will be retribution and unleashing countless witch hunts under the guise of ‘oversight,’” he said of Democrats in the letter obtained by POLITICO.
Scalise told the chairs to take “inventory” of the investigations they believe Democrats could launch under their committees’ jurisdiction and identify administration officials who could be targets.
He also warned Democrats have “signaled they intend to impeach President Trump, but they will not stop there.” He also noted that Democrats are expected to target Trump’s family, cabinet officials and key allies.
“You all will be a key line of defense in this fight, and we must maximize our remaining days in power to prepare for what is coming,” Scalise said in the letter.
The Louisiana Republican is currently in a battle with Judiciary Chair Jim Jordan — known for his oversight and investigations experience — to take over as top GOP leader next Congress. Jordan is arguing to members he is best prepared to counter Democrats, calling himself “battle-tested on the oversight front” in his letter to colleagues.
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