Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to change the rules.
George Will, an anti-Trump columnist for The Washington Post, wrote a scathing assessment of President Biden's actions as president as he prepares to leave office.
U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress.
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.
With the clock is ticking on the Social Security Trust Fund, Reps. George Latimer and Mike Lawler say more time is needed to study the options.
The Navy's 2025 plan would cost 46 percent more each year—when adjusted to take out inflation—than the average amount dedicated yearly over the past five years, the CBO said. The total shipbuilding costs would cost $40 billion annually over the next 30 years in today's money, coming in at 17 percent more than the Navy estimates.
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-approved funding.
Donald Trump will take the oath of office in the midst of a growing feud among congressional Republicans over how to deliver on his policy agenda.
President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep. Economic growth
The U.S. government is being called out by an Illinois-based government finance watchdog for its spending and reporting practices. Truth in Accounting recently took part in a virtual event called “Citizen-Heroes Conference” aimed at exposing the true scope of U.
Even before taking office last week, Washington Gov. Bob Ferguson had proposed $4 billion in spending cuts. That was on top of some $2 billion in cuts already proposed by his predecessor, fellow Democrat Jay Inslee.
Republicans have turned federal telework into a political target, claiming it wastes taxpayer dollars, undermines productivity, and leaves vacant buildings.