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U.S. deficit projected to hit $2 trillion, double fiscal target
The federal government is projected to post a $2 trillion deficit in fiscal year 2026, double the 3% of GDP target that has bipartisan...
Court strikes down Trump’s backup tariffs as unlawful
A federal trade court struck down President Donald Trump's latest global tariff on Thursday, ruling that the import taxes were unauthorized by law and...
Tax hikes alone won’t fully address US debt, report finds
No tax proposal before Congress would be sufficient on its own to put the federal debt on a sustainable long-term path, according to a...
Trump tells small business owners tariffs ‘aren’t high enough’
President Donald Trump told a group of small business owners Monday that tariffs should be higher, even as polling is mixed on the issue.
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Pentagon seeks $21B for barracks as repair backlog doubles
The Pentagon is asking Congress for more than $21 billion for military barracks in its fiscal year 2027 budget request, the largest such investment...