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

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

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 ...

The tactic -- called a pocket rescission -- has been criticized by a handful of Republican senators as it would essentially ...

Congress’s budget arm reported Monday that Republicans’ massive tax-and-spending legislation dubbed the “One Beautiful Bill” ...

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

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

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

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.

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