The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, according to the nonpartisan Congressional Budget ...

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 ...

The International Monetary Fund (IMF) has warned that President Donald Trump’s “One Big, Beautiful Bill” (OBBA) may result in ...

WASHINGTON (AP) — The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate ...

Finally, the new law mandates that updates to the package that underlies SNAP benefits cannot raise costs, which will lead to lower average monthly benefits. By 2034, average benefits will be $213 per ...

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

The ‘big beautiful bill’ is expected to add $2.4 trillion to US budget deficits over a period of ten years, according to an estimate released by the Congressional Budget Office (CBO) on Wednesday.

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.

— Extend the police takeover: Under the 51-year-old federal law creating D.C.’s local government, Trump can seize control of ...

The US government has spent over a trillion dollars more than it collected in revenue during the first 10 months of the 2025 ...

The CBO now projects that 10 million Medicaid beneficiaries will lose health insurance due to changes enacted under the Big, ...