Even if those tax breaks are allowed to lapse at year’s end, the federal budget deficit will still climb to $2.7 trillion in a decade, according to the CBO’s latest outlook, released Friday.

Whose Idea Is Trump’s Big, Absurd ‘Revenge’ Tax? Section 899 saps foreign appetite for US debt just as the government is struggling to finance its fiscal deficit. June 3, 2025 at 3:00 PM EDT ...

Office of Management and Budget (OMB) Director Russell Vought on Sunday pushed back against the idea that a sizable package of Republican priorities that recently made it through the House is going… ...

Many people are unhappy with the mayor's budget though, and pushback began nearly immediately after its introduction. MORE: Federal cuts threaten to increase SF budget deficit to $2B, mayor warns ...