The federal deficit ballooned to $779 billion in the fiscal year just ended — a remarkable tide of red ink for a country not mired in recession or war.
Even with a healthy job market and rapid economic growth, the federal government is piling up debt. The government's deficit is expected to top $1 trillion next year.
The Trump administration is weighing a cut in the capital gains tax. It would save wealthy Americans up to $20 billion a year, but add to the federal government's red ink.
Democrats want to push a health care message; Republicans had been planning to talk about tax cuts. But not much is breaking through, except Trump, who is top of everyone's minds.
His approval numbers, the economy — even the Russia probe — could all help Trump boost the GOP. But some in the White House worry Republicans in Congress don't understand the headwinds 2018 brings.
The nonpartisan Congressional Budget Office released its first 10-year economic outlook to factor in the GOP's 2017 tax cuts and a recent two-year spending deal.
In 2016, Donald Trump offered a list of things he wanted to accomplish as president. As his first anniversary in office approaches, here is what he can check off and what is incomplete.
Supporters of a tax cut for beer brewers say it will boost jobs. Critics say it will reduce tax revenues that offset the costs of excessive drinking, related to health problems and drunken driving.
Congressional Republicans delivered on their first major legislative accomplishment of the Trump era on Wednesday, when the House voted 224-201 to pass the tax package.