The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.
Category: Federal Budget (US)
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Russell Vought Poised to Expand Power of White House Budget Office
If confirmed, Mr. Vought will be at the center of President-elect Donald Trump’s plans to upend the federal bureaucracy.
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Inside Elon Musk’s Plan for DOGE to Slash Government Costs
Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.
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Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.
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Yellen Issues Debt Limit Warning to Congress
The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.
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Spending Fight Shows Limits of Trump Power to Change Fiscal Path
Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses.
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How a Government Shutdown Could Affect the Economy
A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.
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Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.
President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.
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High on Hope, Wall St. Hears What It Wants From Trump
Investors and executives are often emphasizing what they like in the president-elect’s agenda, while dismissing what they don’t as mere posturing.
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Scott Bessent, Trump’s Treasury Pick, Is Poised to Test ‘Three Arrows’ Economic Strategy
Scott Bessent’s “3-3-3” plan to stimulate growth, reduce the deficit and expand oil production will soon face economic realities.
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Billy Long Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.
Since leaving Congress in 2023, Billy Long has peddled a pandemic-era tax credit that the I.R.S. has warned is a magnet for fraud.