As a presidential candidate last year, Donald Trump declared that if California Gov. Gavin Newsom (D) did not divert more of the state’s limited water supply to farmers, “we won’t give him money to put out all his fires. And if we don’t give him the money to put out his fires, he’s got problems.”

The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.

George Will, an anti-Trump columnist for The Washington Post, wrote a scathing assessment of President Biden's actions as president as he prepares to leave office.

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.

President-elect Donald Trump will take the oath of office from inside the Capitol Rotunda Monday due to forecasts of intense cold weather.

With the clock is ticking on the Social Security Trust Fund, Reps. George Latimer and Mike Lawler say more time is needed to study the options.

The Navy's 2025 plan would cost 46 percent more each year—when adjusted to take out inflation—than the average amount dedicated yearly over the past five years, the CBO said. The total shipbuilding costs would cost $40 billion annually over the next 30 years in today's money, coming in at 17 percent more than the Navy estimates.

The Navy's plan for its future fleet would require $1 trillion and a drastic increase in productivity at the nation's shipyards.

The incoming president and his Republican allies are beginning to plot out major changes to federal taxes and spending as they prepare to take control of Washington.

President-elect Donald Trump's inauguration comes at a pivotal time in American history. Insulated from controversy, Trump will enter the White House more prepared than when he first won in 2016.

As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.

A Congressional Budget Office report shows debt closing in on a post-World War II high as a share of GDP.