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

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

In January 2020, the CBO estimated that gross federal debt would not surpass $37 trillion until after fiscal year 2030.

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest ...

The U.S. Court of Appeals for the D.C. Circuit mandated that the Office of Management and Budget restore a website detailing ...

Congress’s budget arm reported Monday that Republicans’ massive tax-and-spending legislation dubbed the “One Beautiful Bill” ...

The OBBB cut taxes for many Americans but also added to the national debt, which could be a problem for Americans in the long ...

Traditionally, elected officials have feared public backlash if they try to take from the poor to give to the rich. This year ...

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

We knew even before Monday’s CBO report that Trump’s bill would redistribute wealth from those who have the least to those who have the most.

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 ...

The mega tax law, dubbed Trump's Big Beautiful Bill, has made more items “indexed to inflation,” or set to receive an automatic cost-of-living adjustment each year. Americans already see these annual ...