Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal debt, but they'll also lead to higher inflation and slower economic growth.

The president says import duties will more than pay for tax cuts and new spending. His argument doesn’t hold water.

The GOP budget bill simultaneously requires more borrowing — and also prohibits that borrowing. Wendy Edelberg, a former chief economist at the Congressional Budget Office, is a senior fellow in ...

U.S. President Donald Trump and his Republican allies in Congress are determined to enact his tax-cut agenda in a political ...

The Trump administration and its allies have worked hard to conceal the true impact the legislation would have on the country ...

OMB director ignores current law and relies on budget gimmicks to claim massive deficit reduction.

With an uncharacteristically feistiness, Speaker Mike Johnson took clear sides Sunday in President Donald Trump’s breakup ...

With an uncharacteristically feistiness, Speaker Mike Johnson took clear sides Sunday in President Donald Trump’s breakup ...

The national debt stands at more than $36 trillion, and interest payments alone topping $1 trillion last year, the question of whether America can grow its way out of debt has taken center stage.

The United States is looking to restore the flow of “crucial” rare earth minerals, which were restricted after China’s ...

Office of Management and Budget director Russ Vought defended the Trump administration's economic package as 'fiscally responsible' despite concerns about adding to national debt.