President Trump’s newly passed One Big Beautiful Bill Act will, by most conventional estimates, add trillions to America’s national debt to pay for permanent tax cuts. Republicans insist the bill will ...

The deficit has reached $1.3 trillion so far into the government's current fiscal year, which began in October 2024.

After several weeks of deliberation on Capitol Hill, President Donald Trump took a victory lap on July 4 after he signed the "big, beautiful bill" into law. For now, it's difficult to determine which ...

Republican legislation criticized by media will slash deficits through economic growth, tariff revenue and deportation while ...

The office also estimated that the federal budget deficit for the first nine months of the 2025 fiscal year, which began in October, is $1.3 trillion. The number is $65 billion more than it was for ...

The Congressional Budget Office (CBO) released its Monthly Budget Review for June 2025, estimating that federal spending, a ...

Republicans and Democrats have been arguing for months about the pros and cons of President Donald Trump’s One Big Beautiful ...

The Congressional Budget Office has recently come under fire from both Democrats and Republicans for its budgetary analysis of President Trump's domestic policy law.