Republicans were reportedly resorting to "magical thinking" to push through an extension of President-elect Donald Trump's ...

In one of her last acts as Treasury Secretary, Janet Yellen says her agency will start taking “extraordinary measures,” or ...

Trump’s second term agenda includes cutting ‘slackers’ from federal workforce, former OMB official says ...

Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.

Scott Bessent, Trump's pick to be Treasury Secretary was pressed on Trump's tax agenda during his Senate confirmation hearing ...

A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election surge in early Nov ...

IRS Commissioner Danny Werfel will resign to preempt Donald Trump firing him. Trump had already nominated former GOP Rep. Billy Long to replace him.

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...

The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with ...

As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...

Trump's pick for Treasury secretary says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.

Why it matters: The procedural and budgetary gambit will free Republicans from the burden of finding the $4 trillion in ...