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CBO: Federal deficits and debt to worsen over next decade
Read full article: CBO: Federal deficits and debt to worsen over next decadeThe Congressional Budget Office projects worsening federal deficits and rising debt over the next decade, driven by increased spending on Social Security, Medicare, and debt service payments.
Measuring the cost of extending Trump's tax cuts becomes a flashpoint in Congress
Read full article: Measuring the cost of extending Trump's tax cuts becomes a flashpoint in CongressAn obscure bookkeeping matter has become the latest flashpoint in Congress as Democrats accuse Republicans of violating Senate norms.
CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
Read full article: CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cutsThe national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.