Larry Summers said the bill likely would not make the economy stronger, and flagged concerned over the amount it would add to ...

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 ...

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

Both of Illinois' Democratic U.S. senators, who joined their party's united front against President Trump’s big tax breaks ...

Senate Republicans hauled President Donald Trump's big tax breaks and spending cuts bill to passage Tuesday on the narrowest ...

Johnson warns that cuts outlined in the “big beautiful” budget bill will not reduce the repercussions of our growing deficit. More and deeper cuts are needed, he says.

The Congressional Budget Office projected that the House GOP tax bill – dubbed the "One Big Beautiful Bill Act" – would add $2.77 trillion to deficits over ten years.

The Congressional Budget Office projected that the House GOP tax bill – dubbed the "One Big Beautiful Bill Act" – would add $2.77 trillion to deficits over ten years.

Sen. Ron Johnson (R-WI) released his long-awaited report on deficit spending Wednesday as he digs in against President Donald Trump’s “big, beautiful bill.” ...