The Senate bill effectively phases out renewable energy tax credits after 2026 if projects haven't started construction.

United States Office of Management and Budget Understanding cycle of deficit spending, debt The U.S. economy is the largest globally, but its debt outweighs that distinction by trillions.

EDITORIAL. By increasing the debt by more than $3.3 trillion over the next decade, Donald Trump's One Big Beautiful Bill Act, ...

As the United States’ looming deficit continues to dominate the national discourse, many are calling for a Balanced Budget Amendment to be added to the Constitution.

The "Presidential Accountability for Yearly Submission of the United States’ Budget Act," or the PAYSTUB Act, introduced by Sen. Roger Marshall, R-Kan., and Rep. Buddy Carter, R-Ga., looks to ...

It is that the United States can overspend by more than ... Mr. Biden’s boast that he has reduced the budget deficit by $1.7 trillion since taking office earned him three Pinocchios from The ...

The United States’ annual budget deficit is set to reach nearly $1 trillion this year, more than four percent of GDP and up from $585 billion in 2016. As a result of the continuing shortfall, over the ...

Here is a look at which presidents ran the largest federal budget deficits in U.S. history and why, ... As of June 2025, the United States annual national deficit is $1.36 trillion for the year.

How High U.S. Debt Levels Would Hurt Americans. High U.S. Debt Levels Risk… Higher Interest Rates . Higher interest rates on mortgages, car loans, and other loans would make it more costly for ...

The United States cannot sustain a $750 billion-plus Pentagon budget and have the needed funds to address COVID relief and recovery, infrastructure, and climate change. The US government has a duty to ...