Tax Cuts and Jobs Act (2017) – Page 11

Treasury Report Shows $1.7 Trillion Deficit

The widening gap between what the government spends and what it earns comes as Congress continues to spar over the proper levels of federal spending.

By Alan Rappeport and Jim Tankersley

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The Federal Deficit Is Growing. This Is Why.

Tax receipts dipped unexpectedly last year. The Biden administration blames Republican tax cuts, but the truth is more complicated.

By Jim Tankersley

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Higher Rates Stoke a Growing Chorus of Deficit Concerns

A long period of higher interest rates would make the government’s large debt pile costly, a possibility that is fueling a conversation about debt sustainability.

By Jeanna Smialek Jim Tankersley and Joe Rennison

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Federal Reserve Officials See Rates Staying High

Federal Reserve officials forecast higher interest rates through 2026 this week, a sign that borrowing costs are not heading back to the rock-bottom levels normal before the pandemic.

By Ben Casselman and Jeanna Smialek

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