The U.S. budget deficit in July climbed 20% compared to last year despite record income from tariffs, according to Treasury ...

Rapid run-up reflects emergency spending during the multi-year COVID-19 crisis, when the government borrowed heavily under ...

The Congressional Budget Office estimates that the poorest Americans could lose more income annually compared to rich people ...

The Treasury Department reported on Tuesday that the U.S. national debt increased by $1 trillion in less than a year to a ...

The CBO says Trump's megabill will decrease resources "for households toward the bottom" of the income scale and increase for ...

The CBO reports recent laws cut Medicaid and SNAP for low-income families while giving tax breaks to the wealthy, widening ...

A new CBO report reveals how Trump’s tax law benefits the richest Americans while leaving poorer Americans with less ...

Using the CBO score, the Committee for a Responsible Federal Budget projects that the policies in the bill will also add $4.1 trillion to the national debt over the same time period, when ...

White House adviser Kevin Hassett downplayed concerns about Medicaid cut projections, saying 5 million people at risk of losing coverage under the “Big Beautiful Bill” already have other ...

The Senate passed President Trump’s “Big Beautiful Bill” to keep low tax rates from expiring – maintaining a status quo. The bill also tightens eligibility for Medicaid and nutrition ...