President Donald Trump’s newly signed tax and spending law will add $3.4 trillion to the U.S. national debt over the next decade and strip health insurance from 10 million Americans by 2034, according to a new report released Monday by the nonpartisan Congressional Budget Office (CBO). The sweeping legislation, which …
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A sweeping new tax bill crafted by House Republicans and filled with Trump-era tax priorities would add $3.7 trillion to the federal deficit over the next decade, according to a new estimate released Tuesday by the Joint Committee on Taxation (JCT). The cost, while steep, still fits within the $4.5 …
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President Joe Biden pledged Friday to defend Social Security and Medicare from Republican attacks but rejected calls to support a full repeal of the debt ceiling, an arbitrary federal borrowing limit that the GOP is threatening to use as leverage to enact spending cuts. “The Republican leadership in Congress has …
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