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

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

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

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

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.

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 earners the most, according to an analysis released by Congress’s budget ...

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 ...