And on March 11, the White House issued a press release, declaring “President Trump will always protect Social Security [and] Medicare” and reaffirming he has no plans to cut Social Security, Medicare or Medicaid.

White House Press Secretary Karoline Leavitt reaffirmed President Donald Trump’s commitment to protecting Social Security, Medicare and Medicaid during Tuesday's press briefing.

One of President Trump’s campaign promises was a proposal to eliminate the double taxation of Social Security benefits, which impacts an estimated 67 million American senior citizens. Rep. Thomas Massie (R-KY) has been trying to push his Senior Citizens Tax Elimination Act since 2014,

The U.S. budget deficit totaled $307 billion for President Donald Trump's first full month in office, up 4%, or $11 billion, from a year ago, the Treasury Department said on Wednesday, even as growth in receipts outpaced that of spending.

New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal year 2025 compared with the last fiscal year.

WASHINGTON >> The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said today, including a $307 billion February deficit for President Donald Trump’s first full month in office that was up 4% from a year earlier.