WASHINGTON (AP) — President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the ...

The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare ...

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in ...

Higher borrowing costs are driving up an estimate of the impact to the U.S. budget deficit from President Donald Trump’s ...

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

Traditionally, elected officials have feared public backlash if they try to take from the poor to give to the rich. This year ...

Finally, the new law mandates that updates to the package that underlies SNAP benefits cannot raise costs, which will lead to ...

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest ...

Just read Article I, Section 8, which says, “The Congress shall have power to lay and collect taxes, duties, imposts and ...

A congressional watchdog agency, the Government Accountability Office (GAO), published a post Wednesday morning reaffirming ...

President Donald Trump 's proposed budget cuts to the National Institutes of Health would eventually result in fewer drugs on the market, the U.S. Congressional Budget Office said on Friday. The ...