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Taxes & Budget

Coverage of the national budget and your taxes.

In this Tuesday, Dec. 11, 2018, file photo, Vice President Mike Pence, center, listens as President Donald Trump argues with House Minority Leader Rep. Nancy Pelosi, D-Calif., during a meeting in the Oval Office of the White House, in Washington. (AP Photo/Evan Vucci) ** FILE **

Trump-Pelosi budget deal sends deficit soaring

- The Washington Times

The budget deal President Trump and House Speaker Nancy Pelosi struck last month will cost taxpayers $1.7 trillion over the next decade, the government’s chief scorekeeper said Wednesday, adding to a sea of red that threatens to swamp Washington.

The economy in real life: ‘As good as it gets’

- The Washington Times

White House advisers on Sunday said the country isn’t heading for a recession and played down the effects of President Trump’s trade war after a wobbly week on Wall Street, arguing that pessimism is the only thing that could hold America back.

Families who have lost loved ones on military duty now are losing thousands of dollars a year as a result of a provision of the 2017 tax reform bill. (Associated Press)

Gold Star orphans of U.S. soldiers robbed of payouts by taxman

- The Washington Times

Marine 1st Lt. Matthew Davis was killed in the line of duty in 2014 when he was struck by a drunken driver while on base at Camp Pendleton, California, leaving behind his wife, Elizabeth, and their 10-year-old daughter, who was named as the beneficiary of his Survivor Benefit Plan.

President Donald Trump walks into the Oval Office of the White House for a meeting with Mongolian President Khaltmaa Battulga, Wednesday, July 31, 2019, in Washington. (AP Photo/Evan Vucci)

Trump wins spending increase from Congress; GOP divided

- The Washington Times

Congress gave final approval Thursday to spending increases in 2020 and 2021, but it delivered a final black eye to President Trump when nearly half of Senate Republicans refused to back the deal he struck with House Speaker Nancy Pelosi.

Speaker of the House Nancy Pelosi, D-Calif., and the Democratic Caucus hold an event on the House steps to highlight their agenda since taking the majority in the 2018 election, at the Capitol in Washington, Thursday, July 25, 2019. The House leaves for a five week August recess Friday. (AP Photo/J. Scott Applewhite)

House approves Trump’s spending hikes, debt holiday

- The Washington Times

The House approved new budget limits Thursday, surging spending and debt over the next two years — though the vote showed a growing rebellion among Republicans over surging deficits and President Trump’s willingness to sign hefty funding increases.