Years before President Trump returned to the White House, his budget chief, Russell T. Vought, began mapping out a plan to shrink the federal government. In Mr. Vought’s design, spending would be slashed by about $9 trillion over the next decade. Entire federal programs — from housing vouchers to student loans — would be eliminated. … Read more
The United States could run out of cash to continue paying its bills by mid-July if Congress does not take action to raise or suspend the nation’s debt limit, according to an analysis on Monday by the Bipartisan Policy Center. That deadline, known as the “X-date” — the moment when the United States is unable … Read more
The Trump administration plans to confront countries around the world with a reciprocal tariff “number” on April 2, a figure that will reflect what the White House considers the cost of foreign trade barriers, Treasury Secretary Scott Bessent said Tuesday. Mr. Bessent said the administration would then carry out negotiations with those countries with the … Read more