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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 ...
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 ...
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.
Paul hailed the defeat of Trump’s plan to raise the debt limit as part of a stopgap government funding measure. He said it shows the leverage fiscal hawks will have over the White House next year.
It also included high and low estimates, including for Harris zero added debt on the low end and $8.1 trillion additional debt on the high end. Trump's low-end estimate would add $1.45 trillion in ...
A new estimate finds that former President Trump’s tax and spending plans could add twice as much to the national debt as those brought by Vice President Harris, amounting to more than $7 ...
The fiscal policies of the Trump administration added twice the amount to the national deficit as have President Biden’s, a new analysis has found. Trump’s administration borrowed $8.4 ...