More generally, a larger budget deficit will require the government to borrow more money, which drives up interest rates.

Live updates and the latest news as President Donald Trump seeks to defund NPR and PBS and threatens to revoke Harvard ...

Trump’s budget generally left the Treasury Department alone — except for the IRS. The budget seeks to cut IRS funding by $2.5 ...

Many of the suggested cuts, which would require congressional approval, target federal programs that benefit the poor.

Trump's first budget since reclaiming office seeks to make good on his promises to boost spending on border security while ...

Replacing all future Social Security benefits with a flat monthly payment of $1,660 per retiree - and $2,250 for a couple - is among the policy options offered by the Congressional Budget Office to ...

The economy contracted 0.3% in the 1st quarter as imports surged ahead of Trump's tariffs. But underlying data showed sturdy ...

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story  US economy ...

Even if the Fed tried to cut rates, inflation, investor reluctance, and a $25 trillion borrowing spree could keep them ...

Policymakers are considering an extension of expiring parts of the Tax Cuts and Jobs Act (TCJA) as part of a reconciliation ...

California is now the fourth-largest economy in the world, surpassing Japan in latest data released Wednesday, Gov. Gavin Newsom’s office announced Wednesday. The International Monetary Fund’s World ...

Clearly, the expiration of the tax cuts would result in a significant tax increase. But as an annual percentage of GDP, the ...