Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...
US To See Rising Debt, Deficit In Next Decade: Budget Office
The United States is set to see its debt level swell to a record over the coming decade, the Congressional Budget Office said Friday, days before President-elect Donald Trump takes office.
Democrats urge delay on Trump budget office nominee in response to funding freeze
Senate Democrats are demanding Republicans postpone a vote scheduled for Thursday on Russell Vought, President Trump’s ...
The Victoria Advocate9d
CED Issues Statement on January 2025 Congressional Budget Office Outlook
released the following statement on the new projections from the Congressional Budget Office (CBO): Over the next decade, mandatory spending on Social Security and Medicare and paying interest ...
E&E1d
States go after Trump funding pause in court
The pause takes effect at 5 p.m., and agencies have been instructed to provide OMB “detailed information” on affected programs by Feb. 10. The states’ lawsuit — which will also be joined by the ...
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track ...
The Washington Post on MSN13d
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 ...
The Bulwark1d
Congressional Republicans Prefer Being a Doormat
Robert F. Kennedy Jr., President-elect Donald Trump's pick to be secretary of Health and Human Services, arrives for a meeting with Sen. Shelley Moore Capito, R-W.Va., in Russell building on Wednesday ...