The House-passed version of the One Big Beautiful Bill Act was fiscally irresponsible. The Senate has made the bill worse.

For example, its two biggest deficit-cutting ideas are on the tax side, eliminating all itemized deductions for income taxes (raising $3.42 trillion over 10 years) and imposing a European-style ...

“The out-the-door price after this increase will be $17.44,” said Morgan Stinson, chief financial officer at the Department ...

Read about the history of deficit spending in the United States, dating back to 1789, ... ideally a combination of the two. In the U.S. for example, to increase revenues/taxes, ...

The massive U.S. tax and spending bill slated for a final vote in Congress runs counter to the International Monetary Fund's ...

Another May Revision, another budget deficit — this time for $12 billion. ... Owners of EVs skew wealthy, so this program is an example of spending subsidizing the wealthy.

Examples of how those surplus funds have been deployed in recent budgets include: ... the city would enter the next fiscal year with a budget deficit of $33.4 million.