congressional budget office

News

Trump, tariffs and budget deficit

US July budget deficit up 20% year-over-year despite record Trump tariff income

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data released Tuesday.

Yahoo Finance · 1h

Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

Fox Business on MSN · 3d

US budget deficit has widened by $109B from a year ago despite influx of tariff revenue

The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from the Trump administration's tariffs on imported goods.

Government Executive1d

Judge orders White House budget office to reveal information about spending decisions

The U.S. Court of Appeals for the D.C. Circuit mandated that the Office of Management and Budget restore a website detailing ...

The Daily Hodl1d

US Budget Deficit Soars $1,626,000,000,000 in First 10 Months of 2025 Fiscal Year, According to Congressional Budget Office

The US government has spent over a trillion dollars more than it collected in revenue during the first 10 months of the 2025 ...

Civil Eats22h

Congressional Budget Office Reports More Than 2.7 Million Americans Will Lose SNAP Benefits

Finally, the new law mandates that updates to the package that underlies SNAP benefits cannot raise costs, which will lead to lower average monthly benefits. By 2034, average benefits will be $213 per ...

7don MSN

Congressional Watchdog Publishes Aptly Timed Reminder That WH Budget-Slashing Scheme is Illegal

A congressional watchdog agency, the Government Accountability Office (GAO), published a post Wednesday morning reaffirming ...

22don MSN

Budget office says Trump’s tax law will add $3.4 trillion to deficits, leave 10 million uninsured

WASHINGTON (AP) — President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the ...

22don MSN

Trump’s big budget law will add this much to the deficit, according to a new estimate

The estimate comes from the nonpartisan Congressional Budget Office, which President Trump and Republicans have attacked.

MyTwinTiers.com on MSN1d

Budget office says GOP’s ‘big, beautiful bill’ will make rich richer, poor poorer

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest ...

FOX 35 Orlando23h

Trump's tax law will benefit the rich at the cost of the poor, CBO analysis finds

The Congressional Budget Office estimates that the poorest Americans could lose more income annually compared to rich people ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results