The bottom line: Passage of the rescissions package is another win for Trump as he nears the six-month mark of his second term. Fiscal hawks in the GOP may celebrate the spending cuts codifying DOGE’s ...

Get the latest on Washington's budget battles and more with The Fiscal Times email newsletter every weekday. Sign up today.

The Senate on Wednesday kicked off a marathon round of votes on a White House request to claw back billions in funding for foreign aid and the Corporation for Public Broadcasting, which supports ...

In a research note, Brusuelas said the data is consistent with an increase in the overall inflation rate to a range between 3 ...

Get the latest on Washington's budget battles and more with The Fiscal Times email newsletter every weekday. Sign up today.

President Trump on Monday promised to enact punishing new tariffs on Russia if President Vladimir Putin doesn’t agree to end his war against Ukraine. “We’re going to be doing very severe ...

The Senate version of the One Big Beautiful Bill Act, the massive reconciliation package that would deliver on much of President Donald Trump’s domestic policy agenda, would add at least $3.3 ...

A new analysis of the Republican megabill currently under consideration in the Senate finds that it could be much less costly than previously estimated — as long as you’re willing to ignore ...

The Social Security system is seeing a record number of filings for benefits this year, and experts say it’s at least in part a sign of growing concern over the stability of the retirement ...

President Donald Trump bid a somewhat strange farewell to Elon Musk on Friday in an Oval Office news conference in which the president praised the Tesla CEO’s work as a special government ...

An updated Congressional Budget Office analysis of Republicans’ reconciliation bill finds that the number of people without health insurance would increase by about 10 million people by 2034 ...