The Latest Breaking News from Deficit

Elon Musk voiced disappointment with the 'One Big Beautiful Bill Act,' a Trump-backed Republican spending bill, citing its projected £2.8 trillion deficit increase by 2034.

Republicans say the 'big beautiful bill' will reduce the deficit, but economists say making the tax cuts permanent will do the opposite.

Musk says he is "disappointed" by Trump's "Big, Beautiful Bill," claiming it will undo all of the cost-cutting efficiencies brought in by DOGE.

Three-judge panel rules president exceeded authority granted to him by 1977 emergency powers law. This blog is now closed.

Another chapter in making America "great."

Editorial: The Republican budget proposal is a gift to plutocrats. Democrats should clearly make the case for deficits to work for the people

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

Republican Sen. Rand Paul said Trump's spending and tax cut bill would "explode the debt." Ron Johnson said the bill won't pass "until the president gets serious about spending reduction and reducing the deficit."

The senator from Kentucky says Trump's cost-cutting bill will actually supercharge the deficit