Trump Meets With House GOP Leaders as Senate Prepares to Move First on Budget Resolution
President Trump held a marathon White House meeting with top House Republicans on Thursday as the lawmakers try to overcome deep intraparty...
Vance Tells House GOP to Keep Democrats Out of Debt Ceiling Fix
Meeting behind closed doors with House Republicans at their policy retreat at Trump National Doral resort near Miami Tuesday, Vice President JD Vance...
Trump’s Budget Director Pick Defends Spending ‘Pause’
Russell Vought, President Donald Trump’s pick to lead the Office of Management and Budget, faced tough questions from Democrats on the Senate Budget...
Ramaswamy Out as DOGE Leader
President Trump created a version of the much-anticipated Department of Government Efficiency on Monday, signing an executive order that tasks the new...
National Debt Headed for Record as Trump Takes Charge
The U.S. is on track to add $22 trillion to the national debt over the next 10 years, the Congressional Budget reported Friday in its updated budget...
Trump’s Pick for Budget Chief Previews Fight Over Spending
The Senate on Wednesday ramped up its consideration of President-elect Donald Trump’s Cabinet picks, holding six confirmation hearings, including for...
Penn Economists Propose Reforms to Cut Debt Without Economic Damage
Economists at the Penn Wharton Budget Model have constructed a package of 13 major tax and spending reforms that they say can grow the U.S. economy...
National Debt Tops $36 Trillion
On Thursday, the gross U.S. national debt surpassed $36 trillion for the first time, according to data from the Treasury Department. Debt held by the...
US Deficit Totals $1.8 Trillion for Fiscal Year 2024: CBO
The federal government’s budget shortfall for fiscal year 2024 grew by $139 billion from the previous year to reach $1.8 trillion, according to an...
Moody’s Warns Growing Deficits Could Take a Toll on US Credit Rating
Political polarization could make it more difficult for the next administration in Washington to address the country’s deteriorating fiscal situation...