The Debt

Citing large and growing budget deficits and rising interest costs, Moody’s Analytics on Friday reduced its credit rating on U.S. government debt...

House Republicans took a couple of big steps forward on their sweeping, partisan budget bill on Wednesday via key committee votes that advanced both a...

Thanks to the annual surge in receipts as Americans pay their tax bills, the U.S. recorded a budget surplus of $258 billion in April. The surplus was...

House Republicans on Thursday narrowly adopted a budget framework needed to advance their plan to cut taxes and government spending, delivering a win...

House Speaker Mike Johnson was forced to pull a vote on a Senate-approved budget blueprint Wednesday night after conservative holdouts refused to...

Democratic Sen. Cory Booker just set a new record for the longest speech in Senate history, breaking the mark set by Sen. Strom Thurmond, a South...

The national debt is set to “grow far beyond any previously recorded level over the next 30 years,” the Congressional Budget Office said Thursday. At...

Three years ago, Congress provided the IRS with billions in extra funding to revitalize the agency, but that vast majority of that money has either...