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Deficit
Cutting funds from the IRS would make it easier for high-earning households to avoid paying taxes.
The ballooning budget deficit will spell tough choices for the start of the next presidential term.
Theres a reason the federal budget hasnt seen a surplus since 2001. Hint: its hard.
Despite the gloomy outlook, California is in a better position to weather an economic downturn than it has been in the past.
WHAT'S HAPPENING
The budget deficit has roughly halved in size, but critics say student loan forgiveness adds unnecessary red ink.
Under Trump, $3 trillion was added to the national debt before the pandemic while tax revenue was slashed by $1.5 trillion, Wallace reminded the Republican.
In a private call with activists, the White House acknowledged the package would disappoint some advocates, but hoped for "hype" anyway.
The U.S. budget deficit will nearly quadruple in 2020, the Committee for a Responsible Federal Budget projected.
Theres one plan the top 2020 Democratic contender doesnt need.
Fox Business host Lou Dobbs went off after another host on the network slammed Trump over the debt and deficit.
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