The CBO says it would add $3.4 trillion to the deficit over the next decade. For decades, fiscal hawks have warned about the devastating consequences of ballooning U.S. debt. But economists say this time around is different: The debt is now so large that piling more on top of it as part of President Donald Trump's massive tax cut and spending bill could set the country on a dangerous path.

A public feud between President Donald Trump and his on-again, off-again ally, billionaire Elon Musk, reignited this week after an apparent truce lasted less than a month.

Chinese social media users are casting Elon Musk as a heroic figure amid his escalating feud with President Donald Trump over the administration's flagship spending bill. State of play: The latest dispute intensified when Musk announced his plans to create a new political party  — the America Party — following the Senate passage of Trump's “One Big Beautiful Bill” this week.

Trump's trade policies have hit Iowa's farmers hard, especially with China's retaliatory tariffs slashing soybean exports and prices.

President Donald Trump went to Iowa to kick off a year of patriotic festivities leading up to next year’s 250th anniversary of American independence

President Donald Trump is sparking reactions after referencing bankers as "Shylocks" during an event in Iowa. More Videos. President Trump celebrates spending and tax bill passing

President Donald Trump used a term considered antisemitic at a rally on Thursday night while talking about his major domestic policy bill that was approved by Congress hours earlier.