News

Trump’s budget would lock in big-government spending and deficits
President Trump’s 2026 “ skinny budget ” is out, and at first glance it gives small-government advocates reason to cheer. It ...
Tracking Trump: Trade talks with China to begin; how the federal deficit has grown; Trump’s new surgeon general pick; and more
President Donald Trump suggested lowering tariffs on China ahead of trade talks. By how much? From current 145 percent levels ...
Trump's plan to eliminate Social Security taxes: What it means for retirees
Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills ...
Fiscal hawks to Johnson on Trump’s ‘big’ bill: ‘Must not add to the deficit’
Fiscal hawks warned House GOP leadership Wednesday that a major bill being crafted in Congress to advance President Trump’s ...
Newsom claims Trump’s tariffs will reduce California revenues by $16 billion
On the eve of his budget presentation, Gov. Gavin Newsom sought to blame President Trump's tariff policy for reducing ...
Republican tax bill would add $3.7 trillion to the national deficit: JCT
The tax portion of Republicans’ wide-ranging bill full of President Trump’s domestic priorities would cost $3.7 trillion over ...
Proof Trump Has No Idea How the Trade Deficit Works
Adding 2 percent of G.D.P. to the budget deficit would add a substantial amount to its twin, the trade deficit (broadly ...
Trump trade war faces legal challenges as businesses, states argue his tariffs exceeded his power
Businesses and states sue Trump over emergency tariffs, challenging presidential powers under the 1977 economic law in U.S.
Trump Tariffs Threat Bloats Trade Deficit to Record High
The U.S. trade deficit increased to a record high in March, as the looming threat of President Donald Trump 's imminent ...
Gov. Newsom expected to blame California's budget woes on Trump's tariffs
Gov. Gavin Newsom on Wednesday is set to announce California will have to figure out how to close a multi-billion-dollar budget hole when he unveils his plan to use taxpayer dollars for the upcoming ...