The federal budget deficit is back in the spotlight after the Republican-controlled Congress approved a massive tax and ...

Having the Air Force fly a B-2 bomber overhead during a signing ceremony for a budget bill would have in a different time ...

Conventional wisdom holds that ever-increasing debt relative to gross domestic product is unsustainable, though another line of argument holds that fears about the hole the US is in are overblown.

CNBC interviewed a dozen experts, investors and former government officials to explore the consequences of America’s fiscal ...

The Republican tax bill is set to worsen inequality, government data shows. It’s part of a 50-year trend that’s affecting the ...

Senate approves bill that would significantly increase government spending on pensions and social security, prompting angry ...

Rep. Brad Finstad dismisses fears that the bill will add trillions in red ink as false Democratic talking points.

First, some context. In 1974, when Congress was up on its hind legs about the many abuses of executive power by Richard Nixon, lawmakers passed the Congressional Budget and Impoundment Control Act.

President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the ...

President Trump’s newly passed One Big Beautiful Bill Act will, by most conventional estimates, add trillions to America’s ...

President Donald Trump signed into law last week a sweeping package of tax cuts and spending cuts, which passed the Senate and House with narrow majorities and no Democratic support. As is his ...

Masked in patriotic flourish and rhetorical sleight of hand, this legislation is a giveaway to the wealthiest Americans at the expense of the poor, the sick and future generations.