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The Committee for a Responsible Federal Budget estimates that it would take nearly $8 trillion of budget cuts (spread across the 10-year budget window used by the Congressional Budget Office and ...
President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch ...
The federal government is projected to hit the debt limit on Jan. 1, but Treasury Department officials will be able to postpone the deadline for Congress to act until the summer by invoking ...
The government needs to borrow money to continue paying out what Congress has already approved, but the debt ceiling puts a limit on how much money the U.S. government can borrow to pay its bills.
The debt ceiling was one of the sticking points Trump used to scrap a bipartisan deal to keep the government funded through March. Now he's revisiting a much-used political tool.
Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do.
Trump's fiscal plans would raise the federal debt by more than twice Harris' proposals, new nonpartisan analysis finds. ... Trump's plans could expand the debt by between $1.5 trillion on the low ...
Budget forecasters are struggling to keep up with the latest tweaks, and new ideas may be voiced in Tuesday's Harris-Trump debate, but so far all estimates show Trump's agenda piling up much more ...