Elon Musk and Vivek Ramaswamy were tasked by President-elect Donald Trump to lead an effort to find and cut federal spending.

October and November were massive deficit months followed up by a modest December. On average, all three months were way worse than history. While 2024 was a record revenue year, it was also a ...

Elon Musk and Vivek Ramaswamy said this week that they plan to target billions of dollars in “unauthorized” federal spending as part of their effort to trim waste from the budget.

Elon Musk is taking on a new challenge, this time the U.S. federal budget. His goal? To cut $2 trillion from the $7 trillion ...

there is the budget itself. With each passing year, it increasingly consists of transfer payments—moving money from some individuals and companies to others. Most federal spending today goes to ...

A Trump administration memo pausing federal ... the spending. What happened: In a sweeping order that surpasses the scope of dozens of executive orders Trump has signed, his top budget office ...

If federal health spending accounted for the same share of GDP that it did in 1973, the budget would be balanced. Federal health spending in 2023 was almost twice its 1962-2023 average ...