Recent analysis from the Congressional Budget Office estimated that Medicare spending would see steep cuts over roughly the ...

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

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

The International Monetary Fund (IMF) has warned that President Donald Trump’s “One Big, Beautiful Bill” (OBBA) may result 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 lower average monthly benefits. By 2034, average benefits will be $213 per ...

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

WASHINGTON (AP) — President Donald Trump's tax and spending law will add $3.4 trillion to federal deficits through 2034, the Congressional Budget Office reported Monday, a slight increase in the ...

Despite grandiose claims about his tariffs bringing in billions in revenue, President Donald Trump cannot seem to help the ...

The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record. This highlights the rapid ...

About 11.8 million people are at risk of losing their health insurance, according to the Congressional Budget Office Gustaf Kilander in Washington D.C. Sunday 13 July 2025 04:54 BST ...

They believe in the CBO’s optimistic vision and think that deregulation and an AI productivity miracle will cause lower ...