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Trump, Congressional Budget Office
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 bookkeeper reported Friday, with debt and deficits set to reach record levels.
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.
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 set to reach record levels.
Trump set to break the all-time federal debt record amid inflation battle
The CBO said that the 2025 budget deficit will come in at $1.9 trillion, or 6.4% of GDP, both record levels outside of wartime, pandemic or a recession. The deficit is only set to
1d
on MSN
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 ...
1d
on MSN
Russell Vought could expand power of Trump's budget office
If confirmed again as White House budget director, Russell Vought would likely do more than oversee spending, policy and ...
3d
on MSN
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 ...
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 ...
19h
on MSN
Donald Trump wants to cut taxes. So do governors and lawmakers in some states
President-elect Donald Trump has proposed trillions of dollars of tax cuts. JEFFERSON CITY, Mo. — President-elect Donald ...
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 ...
LIVE
14h
Trump inauguration moved indoors amid record-breaking cold as list of Democrats skipping event grows: Live updates
President-elect says he has ordered inauguration and speeches to take place in the Capitol Rotunda ‘as was used by Ronald Reagan in 1985’ ...
2d
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 ...
1d
on MSN
Trump Promised Lower Mortgage Rates. Can He Deliver?
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do ...
10h
Will 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 party. Can he shape ...
Nebraska Examiner
3d
Trump nominee for budget chief says president can withhold funding approved by Congress
President-elect Donald Trump’s pick to run the Office of Management and Budget appeared on a glide path to confirmation following a hearing.
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