CBO sees US 2025 deficit flat at $1.9 trln before any Trump tax changes
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday.
National debt races toward record level as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.
CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.
MyNorthwest.com18h
Trump swearing-in will move inside Capitol Rotunda because of intense cold
President-elect Donald Trump will take the oath of office from inside the Capitol Rotunda Monday due to forecasts of intense cold weather.
Republicans may try budget math that doesn’t count Trump tax cuts
Donald Trump wants to cut taxes. So do governors and lawmakers in some states
What Did the Trump Tax Cuts Do? Nobody Really Knows.
Trump’s pick for budget director won’t say whether he would release Ukraine aid
He stressed he would follow the law, even as he emphasized Trump’s desire to overturn the 1974 Impoundment Control Act that requires congressional approval to rescind spending.
federalnewsnetwork.com1d
GOP lawmakers criticize federal telework as possible return-to-office looms
Republicans' renewed probe into federal telework sets the stage for how President-elect Donald Trump may approach a possible return-to-office mandate for feds.
Trump tariffs would shrink the federal deficit, but also the economy, CBO says
President-elect Donald Trump has vowed across-the-board tariffs on a scale that hasn't happened in the U.S. in more than 50 years. The Congressional Budget Office recently estimated that such tariffs would shrink the budget deficit, but also reduce ...
LancasterOnline3h
Trump's plan to dissolve Education Department could slash $55M in Lancaster County schools funding
Lancaster County public schools could see cuts to nearly $55 million in federal funding if President-elect Donald Trump succeeds in his promise to eliminate the U.S. Department of Education.
Anti-Trump columnist delivers withering assessment of 'failed' Biden presidency as he leaves office
George Will, an anti-Trump columnist for The Washington Post, wrote a scathing assessment of President Biden's actions as president as he prepares to leave office.
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Resistance and compromise: How Mass. Democrats plan to deal with minority status in D.C.
Every member of the delegation talks about resisting parts of Trump's agenda, but some say there's room for strategic compromise.
Russell Vought could expand power of Trump's budget office
If confirmed again as White House budget director, Russell Vought would likely do more than oversee spending, policy and regulations. Vought, a co-author of Project 2025 who served as budget director in Donald Trump's first term,