News

GOP bill could add trillions to the U.S. deficit, some experts say. Here's what to know.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one ...
Soy Aire on MSN6d
Republican tax bill could increase federal deficit to 1.5% of GDP
A new analysis by the Committee for a Responsible Federal Budget (CRFB) reveals that the Republican-backed tax bill in the ...
GOP Tax Bill Seen Masking More Than $1 Trillion US Debt Hit (2)
The cost of Republican lawmakers’ draft plan for sweeping tax cutsweighed in at $3.8 trillion over the next 10 years in one ...
Committee for a Responsible Federal Budget1d
Reconciliation Bill Sets up $4.8 Trillion Fiscal Cliff in 2028
As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trilli ...
Devdiscourse1d
Republicans Propel Tax Cut and Security Bill Amid Internal Divisions
Republicans advanced a major tax cut and border security package through a House committee, overcoming internal deficit concerns with minor spending cut modifications. The bill faced opposition due to ...
Trump’s big bill advances in rare weekend vote as conservative holdouts secure changes
Republicans will look to get their massive tax cut and border security package back on track during a rare Sunday night ...
Opinion
Committee for a Responsible Federal Budget4hOpinion
Changes Move Reconciliation Bill in the Wrong Fiscal Direction
The House of Representatives may vote on the reconciliation package, or the “One, Big, Beautiful Bill Act” (OBBBA), this week.
Opinion
Trump’s ‘big beautiful bill’ needs a 'fat shot' to end our dangerous debt addiction
The U.S. faces a debt dangerous crisis with Congress's overspending pushing the nation towards a fiscal cliff. Trump has to figure a way to fix things before it's too late.
InvestmentNews7d
GOP drafts multi-trillion dollar tax legislation
Republicans have pointed to tariffs as a key source of revenue to help offset the deficit impact from the tax bill, and data out Monday showed customs duties jumped to a record $16 billion in ...
Republicans split on US credit downgrade as party's tax bill lingers
Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some ...
The White House has been obsessed with tariffs. Wall Street is wondering about Trump’s tax cuts
As the US and China came to an agreement to lower tariffs sharply this week, trade war uncertainty has, for now, subsided.
The Stark Math on the GOP Tax Plan: It Doesn’t Cut the Deficit
House Republicans advanced the bill late Sunday, but budget analysts across the political spectrum warn that the proposal ...