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CBO projects US 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 in additional tax cuts being championed by President-elect Donald Trump.
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 that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.
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 change the rules.
CBO Projects U.S. Debt to Surge $23.9T, Excluding Tax Cuts by Trump
The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget Office.
CBO sees US 2025 deficit flat at $1.9 trillion before any Trump tax changes
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday.
18m
on MSN
Trump readies massive shift in U.S. economy on eve of inauguration
The incoming president and his Republican allies are beginning to plot out major changes to federal taxes and spending as ...
1d
on MSN
Russell Vought could expand power of Trump's budget office
Vought, a co-author of Project 2025 who served as budget director in Donald Trump's first term, has signaled he will take a ...
WAMC
1h
Trump's 2nd term represents hope for the right and fear of a dark era for others
President-elect Donald Trump's inauguration comes at a pivotal time in American history. Insulated from controversy, Trump ...
MyNorthwest.com
1d
Trump swearing-in will move inside Capitol Rotunda because of intense cold
President-elect Donald Trump will take the oath of office from inside the Capitol Rotunda Monday due to forecasts of intense ...
federalnewsnetwork.com
2d
GOP lawmakers criticize federal telework as possible return-to-office looms
Republicans' renewed probe into federal telework sets the stage for how President-elect Donald Trump may approach a possible ...
14d
on MSN
Trump tariffs would shrink the federal deficit, but also the economy, CBO says
President-elect
Donald
Trump
has vowed across-the-board tariffs on a scale that hasn't happened in the U.S. in more than ...
3d
on MSN
Trump’s pick for budget director won’t say whether he would release Ukraine aid
He stressed he would follow the law, even as he emphasized Trump’s desire to overturn the 1974 Impoundment Control Act that ...
2h
Will a 'Trumpier than Trump' JD Vance bring more populism to Trump's economic agenda?
Vance has never been a darling of the traditional free-market conservatives that dominate the Republican Vance party. Can he ...
3d
Trump budget nominee Russell Vought says presidents can withhold authorized spending
President-elect Donald Trump's pick for the top budget office, Russ Vought, will face senators on Wednesday for potential ...
1d
National debt races toward record level as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, Congress’s nonpartisan ...
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