Trump's second term will generate at least $30 trillion of added debt over the next decade. And that will be a calamity.

Scrapping the U.S. penny, as President Donald Trump has just vowed to do, would save the government enough money to pay for 0.02% of the cost of extending the 2017 tax cuts, 0.004% of the annual ...

The US Navy's shipbuilding problems are widespread and not easily solvable, and many of its top programs are over budget and ...

The U.S. budget deficit continues to widen, as outlays rise faster than receipts, the Congressional Budget Office said Monday. For the first four months of the fiscal year, the deficit was $838 ...

The Congressional Budget Office (CBO) estimated in a report on Monday that the federal government racked up a deficit of $127 ...

The Pell Grant program faces a $2.7 billion funding shortfall for the 2025 fiscal year, raising concerns over financial aid ...

The approach is crucial to convincing GOP colleagues—and voters—that Trump’s plans won’t make U.S. finances worse.

Republicans proposals to change the public health insurance program for low-income and disabled Americans could amount to ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

The United States borrowed $838 billion in the first four months of Fiscal Year (FY) 2025, including $127 billion in the month of January, according to the latest ...

Super Bowl interview, Donald Trump said Elon Musk has been "terrific" with his work to cut government spending.

In a staggering revelation, a new report from the Congressional Budget Office (CBO) has uncovered that Congress illegally spent over $516 billion on expired programs last year without the necessary ...