The House-passed version of Republicans' tax and spending bill would add US$2.8 trillion to US deficits over the next decade, according to new estimates from the Congressional Budget Office (CBO) that ...

The Congressional Budget Office estimated that if the House bill were to pass as written, the deficit would increase by ...

House Republicans' budget would spend billions of dollars on the F-35's successor before the current model is even up to par.

Senator Josh Hawley has added his name to the short list of Republicans in Congress voicing their opposition to Trump’s ...

The Congressional Budget Office projected that the House GOP tax bill – dubbed the "One Big Beautiful Bill Act" – would add ...

After accounting for the dynamic effects of the Trump-backed tax bill, the CBO concludes it will add $2.8 trillion to the ...

Sen. Ron Johnson, a former accountant, unveiled a detailed analysis of the One Big Beautiful Bill Act’s impact on the defict ...

The more Republicans insist that their far-right legislation would shrink the deficit, the more the CBO's arithmetic points ...

"Without addressing out-of-control spending that has increased at an unprecedented level since the pandemic, America’s fiscal situation will remain dire," he warned.

WASHINGTON — Senate Republicans on Monday proposed deeper Medicaid cuts, including new work requirements for parents of teens ...

During 2024 taxpayers were on the hook for $1.13 trillion in interest on the debt. That’s nearly $7,400 for each of the 153 ...