The 51-48 vote came after 2 a.m. Thursday after Democrats sought to remove many of the proposed rescissions.

Under current debt projections, economists cannot even model out a functioning long-term economy.

Despite being run by the states, roughly 70% of Medicaid funding comes from the federal government.

The Congressional Budget Office projects the bill would increase federal deficits over the next 10 years by nearly $3.3 trillion from 2025 to 2034.

A look back at the history of the national debt, and what the GOP’s new budget bill might mean for the debt going forward.

In the Senate, it’s currently “vote-o-rama” time.

Just a few short months ago, investors weren’t really showing up for bond auctions.

The Congressional Budget Office estimated that if the House bill were to pass as written, the deficit would increase by almost $3 trillion.

The House version of the legislation would add $2.4 trillion to the deficit over a decade.

The outcome of the auction will tell us something about how expensive borrowing will be for the government — and for the rest of us.