The Inflation Reduction Act requires certain large corporations ... Budget Office find the bill could reduce the federal deficit by more than $300 billion over time. An analysis by economists ...

Aug. 16 (UPI) --President Joe Biden said Friday the two-year-old Inflation Reduction Act is working to lower health costs for millions, lowers the deficit and is the largest climate investment is ...

Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and ...

In order for the reconciliation process to begin, the House and Senate must pass a concurrent budget resolution that includes a deficit reduction or cost target for relevant committees. Each committee ...

These provisions were initially modified under the Inflation Reduction Act of 2022, which passed along party lines without any Republican support. Now that they have control of the House of ...

Budget experts have warned that the proposed funding cuts to the IRS will raise the deficit and decrease revenue. Yet numerous right-wing media figures have praised Johnson’s first act as ...

Republicans have vowed to extend Trump's tax cuts from the 2017 Tax Cuts and Jobs Act, or TCJA ... hardliners' insistence on significant deficit reduction could harm their constituents by reducing ...

The Inflation Reduction Act of 2022 was a piece of legislation ... The bill contains large investments in deficit reduction as well as energy security and climate change, and healthcare.

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