Sign in Subscribe

united states federal budget

U.S. House introduces bill to require national debt transparency

(The Center Square) – Lawmakers introduced a bill to require greater transparency on the national debt and GDP. Reps. Lloyd Smucker, R-Penn., and Jared Golden, D-Maine, introduced the Debt-to-GDP Transparency and Stabilization Act on Wednesday. The legislation would require the president to submit reports in his annual

Supreme Court reins in Trump on tariffs in split decision

(The Center Square) – The Supreme Court ruled Friday that President Donald Trump exceeded his authority by imposing billions of dollars in worldwide tariffs. The high court decision affects Trump's tariffs enacted under the 1977 International Emergency Economic Powers Act. Trump had used the law to impose tariffs on

Dalio backs bipartisan proposal to cap yearly U.S. budget deficits

(The Center Square) – Bridgewater founder Ray Dalio on Thursday backed a bipartisan proposal to cap annual deficits at 3% of gross domestic product, a resolution that would allow Congress to continue to spend more taxpayer money than it collects for years to come. House Resolution 981 would limit yearly deficits