Trump tax cuts would add $3.8 trillion to debt: CBO

It’s a dangerous time for a big, beautiful and expensive bill

America’s mountain of debt is casting a shadow over Washington’s financial capability to respond to the next emergency, whatever it might be.

In particular, the text should allow the U.S. President to extend, for example, the extension of the tax credits for his first term of office, which could increase the federal government's deficit from $2 trillion to $4 trillion over the next decade.

Trump tax bill holdouts lured with Medicaid cuts, new concession cap

The US president’s “big, beautiful” bill would extend his signature 2017 tax cuts and create new breaks, raising fresh investor concern about America’s debt levels.

Port: We can't afford to let partisanship scuttle meaningful spending reforms

MINOT — As we get a steady drip of local stories about how spending cuts are impacting our communities, here's something to keep in mind: Our federal budget deficit hasn't been less than $1 trillion since 2019. In fiscal year 2024, our nation collected $4.29 trillion in revenues and made $6.75 trillion in expenditures, leaving us with a single-year deficit of $1.83 trillion. The entire national debt after the first year of the George W. Bush adm…

The bond market is panicky over that GOP bill

The latest GOP spending and tax bill would add an estimated $3.8 trillion to the national deficit over the next decade. More debt means the government will issue more bonds. But investors don’t necessarily want a flooded bond market — we’ll explain why. Also in this episode: Stakeholders report longer waits for financial aid information since Department of Education layoffs, retailers set their sights on European markets to alleviate tariff pres…

Column: The 'One, Big, Beautiful Bill' is a big, ugly mess

The Republicans' tax cuts combined with their spending plans will help the rich and cost the poor, spiraling the debt and tattering the safety net for everyone.