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

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

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

The tactic -- called a pocket rescission -- has been criticized by a handful of Republican senators as it would essentially ...

A congressional watchdog agency, the Government Accountability Office (GAO), published a post Wednesday morning reaffirming ...

The US government has spent over a trillion dollars more than it collected in revenue during the first 10 months of the 2025 ...

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.

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

Finally, the new law mandates that updates to the package that underlies SNAP benefits cannot raise costs, which will lead to lower average monthly benefits. By 2034, average benefits will be $213 per ...

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

The estimate comes from the nonpartisan Congressional Budget Office, which President Trump and Republicans have attacked.