At its current rate of borrowing, the country’s debt as a share of the economy will reach 118% in 2035, the Congressional ...

But for others, tax season results in a more troubling reality: owing the government more than they can afford to pay, ...

Extending President Donald Trump's 2017 tax cuts could push the national debt to vast levels by 2054, especially if interest ...

U.S. congressional Republicans are struggling over how to pay for President Donald Trump's multi-trillion-dollar tax-cut and ...

Paying off credit card debt would certainly qualify as a "need," but you can also leave room for other priorities, Burnette ...

Before you pursue tax forgiveness with the IRS, it's important to ask the right questions about the rules, the requirements ...

Weak population gains and higher government spending could hamper growth over the next 30 years, the CBO said Thursday.

Bridgewater Associates founder Ray Dalio warned House Republicans of the dangers of rising US deficits and urged them to cut ...

Top Republican lawmakers emerged from a meeting at the Treasury Department on Tuesday saying the House and Senate are moving ...

If Republicans fail to get the votes on their own to lift the debt ceiling, with the deadline expected in August or September ...

Johnson said the Senate was “coming around” to supporting a debt ceiling increase as part of the legislation. Senate Majority ...

It's important to understand what tax debt is and how it works or you could end up in big trouble with the IRS. / Credit: Getty Images/iStockphoto Taxes are an unavoidable part of life.