(The Center Square) – Credit-rating agencies are watching a U.S. budget reconciliation process for potential impact on budget deficits and federal debt. The outcome of the Congressional budget ...

In a dramatic vote, House Republicans passed a $5 trillion budget framework that kick-starts the process for President ...

The conclusion of the tax filing season is about to provide early clues toward resolving a nagging question hanging over the ...

WASHINGTON – Congress has cleared the first major hurdle in their efforts to pass a sweeping party-line bill to enact ...

The current framework that was adopted by the House on Thursday also includes $521 billion in defense and immigration ...

The U.S. Senate has declared that the extension of the tax cuts from the 2017 Act would increase the U.S. deficit by zero dollars. That is not a typo.

Senate Republicans are deeply divided over demands by House conservatives to cut at least $1.5 trillion, and possibly more, ...

Just extending the 2017 Trump tax cuts would add a projected $4.6 trillion to the debt, according to an estimate from the Congressional Budget Office. “The hardest part is yet to come,” said ...

WASHINGTON -- The U.S. budget deficit has grown to more than ... that the nation would creep closer to hitting the statutory debt ceiling on the so-called X-date as soon as the early summer.

The debt ceiling covers all US government debt ... the Federal Reserve is now a major holder of US government debt. According to the Congressional Budget Office, debt held by the American public will ...