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

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

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 ...

Tennessee residents could have an additional $2,660 tax burden if the 2017 Tax Cuts and Jobs Act expires, according to a ...

"If we don't pass the tax bill by the end of the year, we will have the largest tax increase in American history," U.S. Rep.

According to the Congressional Budget Office (CBO), interest on the federal debt is one of the fastest-growing budget items—equivalent to 3.1 percent of gross domestic product in 2024 (more than ...

U.S. presidents are thought to wield the most influence during their initial 100 days in office, and Trump has left many ...

A variety of proposals that could eliminate tax breaks used by financial institutions are on the table as Republicans look to ...

DUBAI, United Arab Emirates (AP) — The explosion that rocked an Iranian port, killing at least 70 people and injuring more ...