U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
As Trump takes office, Republicans face a high-stakes clash over his legislative agenda
Donald Trump will take the oath of office in the midst of a growing feud among congressional Republicans over how to deliver ...
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 ...
Republicans may try budget math that doesn’t count Trump tax cuts
Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to ...
CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...
Navy Times on MSN4d
Navy shipbuilding plan would cost $1 trillion over the next 30 years
The Navy's plan for its future fleet would require $1 trillion and a drastic increase in productivity at the nation's ...
MyNorthwest.com5d
US population projections shrink from last year because of declining birth rates, less immigration
The Congressional Budget Office has shrunk its projections for the U.S. population in 30 years to 372 million residents, a ...
Lawler, Latimer favor study of Social Security's future as fund faces depletion by 2033
With the clock is ticking on the Social Security Trust Fund, Reps. George Latimer and Mike Lawler say more time is needed to ...
Navy Expansion Plans Could Cost Over $1 Trillion
The Navy's 2025 plan would cost 46 percent more each year—when adjusted to take out inflation—than the average amount dedicated yearly over the past five years, the CBO said. The total shipbuilding ...
The Australian Financial Review1d
US debt to reach 107pc of GDP by 2029: CBO estimates
Washington | The US government is on track to surpass record debt levels set after World War II in just four years, the Congressional Budget Office warned on Friday (Saturday AEDT) — even as it ...
Newsweek6d
Navy Expansion Plans Could Cost Over $1 Trillion
a new analysis published by the Congressional Budget Office (CBO) shows. The U.S. Navy is a dominant Western maritime power, but it is spread thin. Keeping a navy the size of Washington's going is ...
Trump's pick for budget director won't say whether he would release Ukraine aid
WASHINGTON (AP) — Russell Vought, President-elect Donald Trump’s nominee for White House budget director, declined Wednesday ...