Despite President Trump's declaration that he would eliminate the national debt over eight years, the debt-to-Gross Domestic Product ratio has reached its highest level since after World War II, according to a new report from the Congressional Budget Office (CBO). 

America's federal deficit will top $1 trillion by 2020, two years earlier than prior estimates, as tax cuts and federal spending hikes take effect, the Congressional Budget Office said on Monday. 

The tax reform plan crafted by House Republicans would add $1.7 trillion to the debt over the next decade, according to a brief analysis released Wednesday by the nonpartisan Congressional Budget Office (CBO).

A leading Republican senator says he and a top Democrat have reached an agreement on a plan to extend federal payments to health insurers that President Trump has blocked.

Senate Republicans leaders have decided not to bring their last-ditch Obamacare repeal bill, known as Graham-Cassidy, to the floor this week, for now killing their seven-year effort to dismantle the 2010 health care law.