U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.
CBO projects US 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 in additional tax cuts being championed by President-elect Donald Trump.
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.
CBO Projects U.S. Debt to Surge $23.9T, Excluding Tax Cuts by Trump
The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget Office.
CBO sees US 2025 deficit flat at $1.9 trillion before any Trump tax changes
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday.
Anti-Trump columnist delivers withering assessment of 'failed' Biden presidency as he leaves office
George Will, an anti-Trump columnist for The Washington Post, wrote a scathing assessment of President Biden's actions as ...
MyNorthwest.com1d
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 ...
Lawler, Latimer favor study of Social Security's future as fund faces depletion by 2033
With the clock is ticking on the Social Security Trust Fund, Reps. George Latimer and Mike Lawler say more time is needed to ...
Navy Expansion Plans Could Cost Over $1 Trillion
The Navy's 2025 plan would cost 46 percent more each year—when adjusted to take out inflation—than the average amount dedicated yearly over the past five years, the CBO said. The total shipbuilding ...
Navy Times on MSN3d
Navy shipbuilding plan would cost $1 trillion over the next 30 years
The Navy's plan for its future fleet would require $1 trillion and a drastic increase in productivity at the nation's ...
Treasury will begin steps to avoid debt default 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 ...
Trump's pick for budget director won't say whether he would release Ukraine aid
President-elect Donald Trump’s nominee for White House budget director is declining to commit to doling out congressionally ...
The Daily Signal3d
3 Crucial Ways to Avoid Poverty Should Be Taught in Schools
Social scientists use the term “success sequence” to describe three choices that can dramatically improve the likelihood that ...