Treasury bond yields have crept up as Wall Street wonders if either party is capable of improving the nation's fiscal ...

Republicans managed to pass Donald Trump’s One Big Beautiful Bill Act – but few people seem to really be happy about it. A ...

Deficits. The Inflation Reduction Act Won't Meaningfully Address the Budget Deficit Congress has added $2.4 trillion to the long-term deficit since President Joe Biden took office.

The White House projected that the tax provisions in the Senate version of the One Big Beautiful Bill Act would reduce deficits by up to $2.3 trillion because of the economic growth spurred by the ...

The House's Deficit Reduction Act contains $53.9 billion in budget savings over the next five years aimed at reducing the deficit. Among other things, reconciliation bills are a way for Congress ...

The Congressional Budget Office said the Senate version of the One Big Beautiful Bill Act will add some $3.3 trillion to deficits over the next decade. The new numbers, which came after rulings from ...

A new analysis from the White House is projecting that the Senate version of the One Big Beautiful Bill Act could lead to a $2.1 to $2.3 trillion worth of deficit reduction over the next decade ...

Pence was a U.S. representative from Indiana in 2005 when he voted for the Deficit Reduction Act, which then-President George W. Bush signed. The U.S. last reduced its debt on a sustained basis ...

The first lesson is that ideas really do matter. This legislation did not happen because the public or lobbyists were ...

Democrats say the new bill, dubbed the Inflation Reduction Act, ... A major piece of Democrats’ current deficit reduction plan involves boosting funding to the IRS, ...

The Inflation Reduction Act is fundamentally different. It’s smaller and contains no large upfront deficit increases. In fact, it would reduce the deficit by more than $300 billion over the next ...

Pence did vote for the Deficit Reduction Act in 2005. However, that measure didn’t produce a sustained decline in debt. The U.S. last saw a sustained decline in debt from 1996 to 2001.