Congressional Budget Office

U.S. Budget Deficit Rises to $1.8 Trillion in 2024

New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.

By Alan Rappeport

Biden, Joseph R Jr Congressional Budget Office Customs (Tariff) Income Inequality International Trade and World Market Presidential Election of 2024 Republican Party Tax Cuts and Jobs Act (2017) Trump, Donald J United States Politics and Government

Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households

Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.

By Ana Swanson Andrew Duehren and Luke Broadwater

Biden, Joseph R Jr Congressional Budget Office Customs (Tariff) Income Inequality International Trade and World Market Presidential Election of 2024 Republican Party Tax Cuts and Jobs Act (2017) Trump, Donald J United States Politics and Government

Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households

Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.

By Ana Swanson Andrew Duehren and Luke Broadwater

American Rescue Plan (2021) Congressional Budget Office Federal Budget (US) National Debt (US) Politics and Government Tax Cuts and Jobs Act (2017) Tax Evasion United States Economy United States Politics and Government

U.S. Debt on Pace to Top $56 Trillion Over Next 10 Years

Congressional Budget Office projections released on Tuesday show a grim fiscal backdrop ahead of tax and debt limit fights.

By Alan Rappeport

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