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

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

Biden Tax Increases Won’t Hit Middle Class, Yellen Says

Biden, Joseph R Jr National Debt (US) Politics and Government Tax Cuts and Jobs Act (2017) Taxation Trump, Donald J United States Economy United States Politics and Government

Biden Tax Increases Won’t Hit Middle Class, Yellen Says

Republicans pressed the Treasury secretary on the fate of the Trump tax cuts that will expire in 2025.

By Alan Rappeport

U.S. Debt Races Toward Record This Decade, C.B.O. Warns

Biden, Joseph R Jr Congressional Budget Office Federal Budget (US) Law and Legislation National Debt (US) Taxation United States Economy United States Politics and Government

U.S. Debt Races Toward Record This Decade, C.B.O. Warns

Recently passed spending limits have slightly improved the nation’s fiscal outlook.

By Alan Rappeport

U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years

Environment Federal Budget (US) Foreign Workers Income Tax Labor and Jobs National Debt (US) Politics and Government Solar Energy Tax Credits, Deductions and Exemptions Tax Cuts and Jobs Act (2017) United States Economy United States Politics and Government Wind Power

U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years

Congressional Budget Office projections released on Wednesday said a growing economy and recent spending cuts had slowed deficits.

By Alan Rappeport and Jim Tankersley