The debt ceiling does nothing to control spending—and puts the U.S. economy at risk. Congress should eliminate this outdated ...

President Donald Trump’s drive to enact trillions of dollars in tax cuts and raise the federal debt is on track after he and ...

The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget Office estimated.

Recent reports from the Congressional Budget Office (CBO) and the Bipartisan Policy Center estimate that the debt ceiling, ...

The consequences of failing to raise the debt ceiling are astronomical and could cause the government to miss payments on its debt once it runs out of funds through the “extraordinary measures” ...

If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or September, the Congressional Budget Office warned.

The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...

Using this benchmark, we can attribute 71 percent of the 2025 deficit to spending policy decisions and 29 percent to tax ...

A major discrepancy has already arisen between Senate and House Republicans in the budget resolution they plan to adopt in ...

In a dramatic vote, House Republicans passed a $5 trillion budget framework that kick-starts the process for President ...

The 216-214 vote Thursday on the budget — which outlines the parameters for the tax cut and debt ceiling increase — was delayed a day so Trump and Republican congressional leaders could ...