As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.
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The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.
· 2d · on MSN
Republicans may try budget math that doesn’t count Trump tax cuts
· 4h · on MSN
Donald Trump wants to cut taxes. So do governors and lawmakers in some states
Trump will try to extend his 2017 tax cuts this year. When — and how — that happens is up in the air.
Trump will try to extend his 2017 tax cuts this year. When — and how — that happens is up in the air. Washington is set for a rollicking tax fight in the coming year, with observers of all stripes expecting a historic deal to extend Donald Trump's 2017 tax cuts at some point.
President-elect Donald Trump will take the oath of office from inside the Capitol Rotunda Monday due to forecasts of intense cold weather.
He stressed he would follow the law, even as he emphasized Trump’s desire to overturn the 1974 Impoundment Control Act that requires congressional approval to rescind spending.
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George Will, an anti-Trump columnist for The Washington Post, wrote a scathing assessment of President Biden's actions as president as he prepares to leave office.
President-elect Donald Trump has vowed across-the-board tariffs on a scale that hasn't happened in the U.S. in more than 50 years. The Congressional Budget Office recently estimated that such tariffs would shrink the budget deficit, but also reduce ...
President-elect Donald Trump's pick for the top budget office, Russ Vought, will face senators on Wednesday for potential confirmation to a crucial post for Trump's goals to reshape and downsize the federal government.
Every member of the delegation talks about resisting parts of Trump's agenda, but some say there's room for strategic compromise.
With Donald Trump stepping back into office, advocates are warning that access to important environmental and public health datasets could be at risk. Information about climate change vanished from federal websites under Donald Trump,
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday.
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