The United States is set to see its debt level swell to a record over the coming decade, the Congressional Budget Office said Friday, days before President-elect Donald Trump takes office.

The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track ...

As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...

President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, ...

As a presidential candidate last year, Donald Trump declared that if California Gov. Gavin Newsom (D) did not divert more of ...

A new budgetary report said it would be 'difficult and expensive' to sell Virginia class submarines to Australia without ...

In the next 10 years, the yearly growth rate in the United States will be on average ... to remain too low for a generation to replace itself,” the Congressional Budget Office said. The reduced ...

Republicans are looking at passing the bill using the budget process known on Capitol ... to move it over to the United States Senate,” he said. He added, “Failure is not an option.” ...

But budget experts see little hope that the three will be able to meaningfully shift the nation’s fiscal trajectory. The Congressional ... next year. The United States spent $6.7 trillion ...

The United States is bracing for a government ... the longest of any shutdown in modern US history. The Congressional Budget Office (CBO) estimated that the funding gap at the time delayed nearly ...