President Trump and Speaker Mike Johnson say their tax-and-spending bill will slash the deficit. A growing number of their ...

The U.S. government posted a $316 billion budget deficit for May, down 9%, or $31 billion, from a year earlier, as customs ...

Concerns about the national debt from Elon Musk and some Republican lawmakers is complicating the path to passage for Trump's ...

Sen. Rand Paul criticized the June 14 military parade, arguing that it was too expensive and “glorified” weapons.

Wall Street breathed a sigh of relief Thursday after a key bond auction eased concerns that the US economy might be falling ...

The May jobs report indicated that the labor market is still solid, even if there are some concerning signs like the rise in ...

U.S. President Donald Trump and his Republican allies in Congress are determined to enact his tax-cut agenda in a political ...

Republicans are increasingly split over the deficit impact of Trump’s bill. Wide polarization: Some GOP lawmakers claim the bill will save trillions over 10 years, while a growing number say it will ...

Congressional budget experts project Trump's comprehensive tax legislation will generate substantial deficit increases while ...

Donald Trump said Kentucky Republican Sen. Rand Paul and his family are invited to the White House picnic after Paul claimed they were “uninvited.” ...

Estimates from the Congressional Budget Office, released Thursday, offer a detailed view into the effects on income groups.