Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and ...
Treasury will begin steps to avoid debt default as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...
U.S. Starts Maneuvers to Avoid Breaching Debt Limit, Putting Pressure on Congress
WASHINGTON—The U.S. government is now constrained by its statutory debt limit, the Treasury Department said, prompting the ...
US budget deficit to hit $1.9 trillion in 2025: CBO
The Congressional Budget Office (CBO) projected Friday that the federal budget deficit would hit $1.9 trillion in fiscal 2025 ...
10-year outlook for budget given
The national debt is expected to rise by $23.9 trillion over the next decade, a sum that does not include trillions of ...
Republicans may try budget math that doesn’t count Trump tax cuts
Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to ...
Government Executive3d
House Oversight Republicans open Congress with rants against telework, unions
The first hearing of the House Oversight and Government Reform Committee was ostensibly about telework yet frequently ...
The Daily Star5h
US to see rising debt, deficit in next decade: budget office
Trump has vowed to take quick action to hike tariffs on imports -- cast as a potential way to boost revenues -- while his ...
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track ...
National debt races toward record level as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, Congress’s nonpartisan ...
Elon Musk's trillion-dollar efficiency commission has Trump's support, but needs Congress' help
Many budget hawks have tried and failed to streamline the government and reduce gigantic annual deficits. Musk's efficiency commission will only succeed if forces a reluctant Congress to finally act.