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 ...
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 ...
Donald Trump wants to cut taxes. So do governors and lawmakers in some states
President-elect Donald Trump has proposed trillions of dollars of tax cuts. JEFFERSON CITY, Mo. — President-elect Donald ...
CBO sees US 2025 deficit flat at $1.9 trln before any Trump tax changes
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with ...
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 ...
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 ...
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 Executive2d
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 ...
U.S. Starts Maneuvers to Avoid Breaching Debt Limit, Putting Pressure on Congress
A Congressional Budget Office report shows debt closing in on a post-World War II high as a share of GDP.
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 ...
US To See Rising Debt, Deficit In Next Decade: Budget Office
The United States is set to see its debt level swell to a record over the coming decade, the Congressional Budget Office said Friday, days before President-elect Donald Trump takes office.