Treasury Secretary Scott Bessent explains the administration’s new tariffs and economic policy in an interview with Tucker ...
Using this benchmark, we can attribute 71 percent of the 2025 deficit to spending policy decisions and 29 percent to tax ...
This election, along with one for Florida’s 1st Congressional District, were the first special Congressional elections held during President Donald Trump’s (R) second term. The special election filled ...
The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to ...
If changes are not made to Social Security, the program will have to cut spending by 24% in less than a decade.
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The mix of slower population growth and unfettered spending will also result in weaker economic growth over the next three ...
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U.S. economy is facing a long-term slowdown, CBO report saysThe U.S. economy could face slower economic growth over the next three decades due to weak population gains and increased ...
“The Treasury has already reached the current debt limit of $36.1 trillion, so it has no room to borrow under its standard ...
The nonpartisan Congressional Budget Office estimated what the impact would be if the Tax Cuts and Jobs Act was made permanent. It found that US debt held by the public could soar above 200% of ...
the Congressional Budget Office (CBO) found Friday that keeping the 2017 tax cuts in place and holding other budgetary policies steady would cause debt levels to reach 214 percent of gross ...
The CBO’s report goes on to say that extending the Trump tax cuts would harm the economy and increase consumers’ borrowing costs. But while Republicans can pretend the costs are free ...
Copyright 2025 The Associated Press. All Rights Reserved. Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] TAIPEI, Taiwan (AP) — Beijing on ...
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