WASHINGTON (AP) — President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the ...

The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare ...

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in ...

Higher borrowing costs are driving up an estimate of the impact to the U.S. budget deficit from President Donald Trump’s ...

Traditionally, elected officials have feared public backlash if they try to take from the poor to give to the rich. This year ...

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest ...

Today, the Congressional Budget Office (CBO) released new analysis showing that President Donald Trump and congressional Republicans’ One Big Beautiful Bill Act adds at least $4.1 trillion—and ...

Just read Article I, Section 8, which says, “The Congress shall have power to lay and collect taxes, duties, imposts and ...

President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the Congressional Budget Office reported, a slight increase in the projection that takes ...

President Donald Trump 's proposed budget cuts to the National Institutes of Health would eventually result in fewer drugs on the market, the U.S. Congressional Budget Office said on Friday. The ...