Trump push to use tariffs to pay for tax cuts faces opposition in Congress
U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for ...
Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...
Executive Gov1d
CBO Projects Debt, Budget Deficit Increase Through 2035
Read about the CBO's projections regarding the country's budget and economy for 2025 and for the 10 years that follow.
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track ...
US fiscal path unsustainable despite improved budget forecasts, says DoubleLine
The U.S. sovereign debt profile remains on an unsustainable path with deficits likely to widen more than what has been ...
Treasury will begin steps to avoid debt default as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...
Newsday8d
US population projections shrink from last year because of declining birth rates, less immigration
The Congressional Budget Office has shrunk its projections for the U.S. population in 30 years to 372 million residents, a 2.8% drop from last year, citing declining birth rates and less expected ...
Trump’s budget pick is famous for defying Congress. GOP senators want to confirm him anyway.
It’s looking like "thumbs up" for Russ Vought in the Senate, where Republicans are preparing to confirm him to lead the White House budget office despite his reputation for withholding congressionally ...
Republicans may try budget math that doesn’t count Trump tax cuts
Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to ...
Newsweek10d
Navy Expansion Plans Could Cost Over $1 Trillion
The Congressional Budget Office in January 2025: "The Navy's 2025 plan would cost 46 percent more annually in real terms (that is, adjusted to remove the effects of inflation) than the average ...
Congressional Budget Office Offers Dire Warning About Annual Deficits Dwarfing GDP
Congressional Budget Office Director Phillip Swagel said the current projections are based on the 2017 tax cuts ending. That ...