Outside of reconciliation, the budget also includes a net $7.8 trillion of deficit reduction over the next decade that would result in the debt stabilizing at its current level of 99 percent of Gross ...

The 12-month rolling deficit – or the amount the federal government has borrowed over the past year – totaled $2.1 trillion, based on estimates from ...

David Stockman is a board member of the Committee for a Responsible Federal Budget, former director of the Office of Management and Budget, and former US Representative for Michigan.

The United States borrowed $838 billion in the first four months of Fiscal Year (FY) 2025, including $127 billion in the month of January, according to the latest ...

Reduce revenue by $5.0 trillion to $11.2 trillion over ten years. Lower revenue by 1.3 to 3.0 percent of Gross Domestic ...

The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...

This higher debt would also further explode interest payments. Already, interest costs have exceeded spending on Medicare and ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

According to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to ...

The $3 trillion of claimed dynamic feedback is 14 times as large as the average estimate of $213 billion. Producing $3 ...

The Pell Grants program is now expected to run out of reserves by the end of this year and is expected to face a $71 billion ...