Donald Trump’s massive tax cut has run its course, leaving behind massive deficits that will weigh on the economy for years to come as growth slips....
Donald Trump’s Space Force will add billions of dollars to the Pentagon budget, exceeding previous estimates, even though the military has already committed 23,000 employees, according to a new study....
Donald Trump tax cuts are coming home to roost, causing federal revenues to shrink and the national deficit to soar to levels only seen during major recessions or wartime, according to a new government report. ...
The Navy is pushing for the largest fleet build up since the Reagan administration, but its envisioned 355-ship fleet would require billions of dollars more than taxpayers are spending now. Even with accelerated spending, it would still take decades to reach its goal....
The Trump tax cuts will have only a short-term economic stimulus, but deficits will soar. (Photo: Getty, Chart: CBO)
Donald Trump's tax cuts, effectively a massive economic stimulus, is expected to have a only short-term effect on growth, accordi...
Donald Trump hasn’t even begun to present his plan to Congress for tax reform and spending, but is still facing a steady rise in the budget deficit, according to a new Congressional Budget Office analysis. Trump’s plan to cut taxes and increase military spending among other initiatives are expected to send the national debt skyward....
If you’re poor in American you are not alone. Over the past 24 years, 50 percent of the nation saw their share of wealth fall to just 1 percent, while America’s richest families saw their wealth grow significantly, according to a new study. The findings confirm that a significant portion of society has been disenfranchised from the economy. The findings, contained in a study by the Savings and Retirement Foundation of Washington, D.C., and published by the Congressional Budget Office (CBO) does not bode well for the nation....
Repealing the Affordable Care Act (ACA) is one thing, coming up with a replacement is another. More than 20 million people are currently twisting in the wind, according to a new report. It predicts a “death spiral” of rising uninsured and skyrocketing premium costs, if Republicans kill Obamacare. The Republicans and President-elect Donald Trump, at least for the moment, have been unable to come up with a “better, more affordable” alternative as they’ve promised....
Set 'em up, knock 'em down. Lower-earning salaried workers will lose their right to overtime pay, if the Trump administration abolishes a new Labor Department rule. The incoming Trump administration is about to pull the rug out from under lower-earn...