National debt races toward record level as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...
U.S. Starts Maneuvers to Avoid Breaching Debt Limit, Putting Pressure on Congress
A Congressional Budget Office report shows debt closing in on a post-World War II high as a share of GDP.
CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...
Trump plans an audacious grab for congressional ‘power of the purse’
As a presidential candidate last year, Donald Trump declared that if California Gov. Gavin Newsom (D) did not divert more of ...
National Debt Closes in on Post-World War II Mark, CBO Says
Projections show steady budget deficits exceeding 5% of GDP, even assuming that the bulk of the 2017 tax cuts expire.
Surging Long-Term Rates Stoke GOP Tensions on Paying for Tax Cut
Surging long-term interest rates and stubborn inflation are inflaming divisions among congressional Republicans over paying ...
Trump wants to cut taxes. So do governors and lawmakers in some states
President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, ...
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Trump swearing-in will move inside Capitol Rotunda because of intense cold
President-elect Donald Trump will take the oath of office from inside the Capitol Rotunda Monday due to forecasts of intense ...
A welfare check: House Republicans have their sights on income-based federal programs
House Budget Committee Chairman Jodey Arrington (R-TX) set his sights on means-tested anti-poverty and welfare programs.
Trump will try to extend his 2017 tax cuts this year. When — and how — that happens is up in the air.
Washington is set for a rollicking tax fight in the coming year, with observers of all stripes expecting a historic deal to extend Donald Trump's 2017 tax cuts at some point.
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Resistance and compromise: How Mass. Democrats plan to deal with minority status in D.C.
Every member of the delegation talks about resisting parts of Trump's agenda, but some say there's room for strategic ...
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Blinken bids farewell with pep talk to diplomats facing uncertain future under Trump
Secretary of State Antony Blinken bade farewell to the State Department on Friday, urging career staffers to carry on in ...