The first lesson is that ideas really do matter. This legislation did not happen because the public or lobbyists were ...

Ben Harris is director of economic studies at the Brookings Institution and the former chief economist at the Treasury ...

The CBO says it would add $3.4 trillion to the deficit over the next decade. For decades, fiscal hawks have warned about the ...

President to sign sweeping tax cuts and spending reductions into law on July 4 WASHINGTON, D.C. — Congress has passed ...

New legislation could push federal debt into dangerous territory—without an emergency requiring it.

The nonpartisan Congressional Budget Office is required by law to provide economic analyses on major legislation.

President Trump's second tax bill is set to cement his budget-busting legacy, adding trillions to the national debt and ...

The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the ...

During an appearance on CNBC’s Squawk on the Street Thursday, Bessent did his best to defend his title as a “fiscal hawk” ...

Lower taxes on tips, overtime and capital spending offer a modest tailwind, even as big deficits threaten future growth.

The 2017 bill brought about sweeping, albeit temporary, changes to the tax code. Provisions which nearly doubled the standard ...

Achieving NATO’s higher defence spending target of 3.5% of GDP will increase budget deficits and public debt across the EU ...