In virtual remarks to the annual meeting of the World Economic Forum in Davos, Switzerland, President Donald Trump on Thursday spouted many false or misleading economic claims. Here’s a quick rundown.
Anti-Trump columnist for The Washington Post, George Will, wrote a scathing op-ed of President Biden's actions as president as he prepares to leave office.
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.
U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress.
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.
The Navy's 2025 plan would cost 46 percent more each year—when adjusted to take out inflation—than the average amount dedicated yearly over the past five years, the CBO said. The total shipbuilding costs would cost $40 billion annually over the next 30 years in today's money, coming in at 17 percent more than the Navy estimates.
With the clock is ticking on the Social Security Trust Fund, Reps. George Latimer and Mike Lawler say more time is needed to study the options.
Rising rates would be bad news for bondholders and borrowers of all stripes, particularly the U.S. government. They cast a shadow over stocks, too.
Lawmakers have begun another hard conversation on what it may cost the state to amply fund basic education in public schools as required by Washington’s constitution.
Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.
Chip Roy headed to Mar-a-Lago to make peace. Roy was a rare House conservative who opposed efforts to overturn the 2020 election results in Congress. After the Jan. 6 attack, he argued that Donald Trump had engaged in “clearly impeachable conduct.
The Congressional Hispanic Caucus highlighted how those policies would harm three specific groups — farm workers, immigrant families and so-called Dreamers.