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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 ...
In a recent social media post, Trump railed against the state of the debt ceiling and called the deal that put it on the 2025 agenda "one of the dumbest political decisions made in years."
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 new president and congressional leaders are meeting Tuesday to hash out a strategy for maintaining US creditworthiness and the government's ability to service $36 trillion in debt. Trump is ...
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.
Much of the cost baked into Trump's proposals comes from his plan to extend tax cuts contained in the 2017 Tax Cuts and Jobs Act, which CRPB estimates would add more than $5 trillion over a decade ...
President-elect Trump has thrown a wrench into government funding negotiations with his call to eliminate the debt ceiling just days before a potential shutdown. Republican lawmakers are already ...