The 216-214 vote pushed the budget plan forward, one more milestone for Johnson, who could only lose a few detractors from ...

The new resolution calls for more tax cuts and fewer reductions in spending. It would increase the federal debt by a lot more.

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

But the House and Senate need to resolve their differences on the debt limit, as well. The House GOP increases the debt limit by $4 trillion, but the Senate lifted it to $5 trillion so Congress would ...

A Republican drive to quickly pass President Donald Trump’s tax cut proposals and increase the US debt ceiling has been ...

It’s as true now as it was in times prior that the U.S. defaulting on its debt would throw the country’s creditworthiness out ...

The reconciliation instructions in the Senate-adopted concurrent budget resolution for Fiscal Year (FY) 2025 would allow for ...

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

Treasury Secretary Scott Bessent indicated that the federal government is at risk of running out of room to make good on all of its payment obligations on time as soon as May or June.

The White House is eyeing this summer's debt ceiling's "X-date" as a forcing mechanism to push the "one big, beautiful bill" ...

March 27 (UPI) --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 Social Security tax limit has been increased this year and the maximum amount that is liable for Social Security tax in 2025 is $176,100, a surge from $168,600 in 2024. (AP Photo/Leah ...