The nonpartisan Congressional Budget Office found that the richer Americans were, the more they would benefit from the ...

Analysis finds reconciliation bill would most benefit high earners and reduce financial resources available to the ...

MAGA Senator Tim Scott is being ridiculed after attacking the Congressional Budget Office (CBO) for making “wrong” ...

WASHINGTON— Republicans’ tax-and-spending megabill would give more money to middle-income and high-income households while ...

The CBO estimated last week that the tax-and-spending cuts package would increase deficits by $2.4 trillion over 10 years.

The federal government now spends more on servicing its debt than it does on defense. The GOP's new tax bill could ratchet ...

Three risks undescore how the legislation winding its way through Congress threatens to accelerate America’s debt crisis.

The US government could run out of enough funds to meet its financial obligations in a timely manner between mid-August and ...

White House says the CBO’s analysis is wrong because it assumes that Republicans in Congress will fail to extend Trump’s 2017 ...

The GOP budget bill simultaneously requires more borrowing — and also prohibits that borrowing. Wendy Edelberg, a former ...

OMB director ignores current law and relies on budget gimmicks to claim massive deficit reduction.

Speaker Mike Johnson took clear sides Sunday in President Donald Trump’s breakup with mega-billionaire Elon Musk.