The Debt

Meeting behind closed doors with House Republicans at their policy retreat at Trump National Doral resort near Miami Tuesday, Vice President JD Vance told the assembled group that President Trump

Russell Vought, President Donald Trump’s pick to lead the Office of Management and Budget, faced tough questions from Democrats on the Senate Budget Committee Wednesday. Vought led the OMB in the

President Trump created a version of the much-anticipated Department of Government Efficiency on Monday, signing an executive order that tasks the new entity with implementing “the President’s DOGE

The U.S. is on track to add $22 trillion to the national debt over the next 10 years, the Congressional Budget reported Friday in its updated budget and economic outlook. A continuous chain of

The Senate on Wednesday ramped up its consideration of President-elect Donald Trump’s Cabinet picks, holding six confirmation hearings, including for Sen. Marco Rubio, nominated to be secretary of

Economists at the Penn Wharton Budget Model have constructed a package of 13 major tax and spending reforms that they say can grow the U.S. economy while also reducing federal debt and enhancing the

On Thursday, the gross U.S. national debt surpassed $36 trillion for the first time, according to data from the Treasury Department. Debt held by the public – a subset of the gross national debt that

The federal government’s budget shortfall for fiscal year 2024 grew by $139 billion from the previous year to reach $1.8 trillion, according to an estimate released Tuesday by the Congressional Budget