House Republicans Aim to Gut Spending and Cut Taxes (Mainly for the Rich) by $4.5 Trillion
The budget resolution released Wednesday by the House Republican caucus contains no concrete details, but it codifies a GOP strategy that should surprise absolutely no one.
House GOP takes first step toward tax cuts, debt limit increase
The proposed budget, which Democratic critics pan as a "Republican betrayal of the middle class," would open up a $4.5 trillion runway over 10 years for more tax cuts.
To extend Trump's 2017 tax cuts, Republicans seek to overlook the cost
As congressional Republicans try to extend President Donald Trump's 2017 tax cuts, some are considering an unusual plan to make them permanent while avoiding the political pain of massive spending cuts to pay for them: Argue that they will not deepen the federal deficit.
Trump budget bill with $4.5T in tax cuts survives key hurdle despite House GOP infighting
A mammoth bill advancing a broad range of President Donald Trump’s policy goals survived a key hurdle on Thursday, putting Republicans closer to their goal of passing a bill by sometime in May. The legislation passed the House Budget Committee on a party-line 21 to 16 vote and is expected to be taken up by the entire chamber for a floor vote later this month.
House GOP panel passes budget blueprint with $4.5 trillion in tax cuts and steep spending reductions
The Republican-controlled House Budget Committee voted along party lines to advance a massive budget blueprint to slash taxes and spending by trillions of dollars.
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Waste of the Day: Projections Show Deficit Down but Taxes, Spending Up
Topline: The federal deficit will be $21.1 trillion in the 10-year period from 2025 to 2034, according to projections in the ...
US posts $129 billion January deficit on calendar shifts, higher outlays
The federal government posted a $129 billion budget deficit for January, up sharply from an unusually low $22 billion deficit ...
Kelly Evans: WHOA did you see the deficit?!
The monthly government budget release is typically a pretty sleepy one. I know, because I’m sitting there at 2 p.m. Eastern ...
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Republicans advance plans to raise military spending by at least $100B amid concerns budget cuts could affect veterans
Republicans are moving closer to their goal of raising defense spending by at least $100 billion in the next decade as two ...
Ray Dalio: We Need to Cut the Budget Deficit Now. Here’s How We Do It
In Ray Dalio's forthcoming book "How Countries Go Broke" he argues that the United States' budget deficit should be cut.
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Opposition: Govt’s four month deficit ‘disastrous’
# The Ministry of Finance, in its October fiscal report, revealed that the month’s deficit - which measures by how much ...
Kenya's budget deficit set to narrow in 2025/26, finance ministry says
Kenya expects to have a slightly narrower budget deficit and a modest increase in overall spending in its 2025/26 (July-June) ...
European Commission to Tweak Fiscal Rules to Boost EU Defense Spending
Member states will be allowed to substantially increase defense spending without exceeding deficit caps, Ursula von der Leyen ...
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EU considers giving countries wiggle room to boost defense spending
The move would allow governments with overstretched budgets more flexibility under the bloc’s debt and deficit rules.
Russia's budget deficit jumps 14-fold in January
Russia's fiscal deficit jumped 14-fold in January due to a 73.6% increase in spending at the start of the year, reaching 1.7 ...