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The budget deficit is being driven by the tax reform law supported by President Trump and the GOP as well as the bipartisan spending deal.
Trump once promised to eliminate the national debt in 8 years — but his new budget shows the president is going in the opposite direction
Candidate Donald Trump promised to eliminate the debt "over a period of eight years," but the presidential budget shows that isn't going to happen.
The US federal deficit soared to $310 billion to start fiscal year 2019, up 77% from the year before
The US budget deficit soared due to a drop in tax revenues and increased spending. Trump's tax law and the bipartisan budget deal drove the jump.
The Treasury Department can extend the debt-ceiling deadline until September or October, the CBO said, setting up a high-stakes showdown for the fall.
The US national debt just pushed past $22 trillion — here’s how Trump’s $2 trillion in debt compares with Obama, Bush, and Clinton
The US national debt has topped $22 trillion for the first time, but the debt addition under President Donald Trump is not quite historic.
The increase in national-debt accumulation has been caused by the GOP tax law's cut to revenues and the bipartisan budget deal's increased spending.
US debt stands at about $21 trillion, and the federal government is expected to add $1.34 trillion this year — its most since 2010.
Wealth, inheritance and capital gains tax are some of the taxes Malaysia has decided not to implement for fear of "massive" capital flight.