It’s vital for Congress to pair pro-growth tax cuts with pro-growth spending reforms. The federal budget itself needs a ...

House Republican leaders are working to come to an agreement with fiscal hawks about what spending cuts to seek in ...

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 claims to be on a crusade to slash federal spending, but his targets so far will make no meaningful difference in the deficit.

The sudden stop in federal funding reminded Americans how vital the government is in people’s lives.

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 ...

The current gap between US federal spending and tax revenue is larger than ever outside of major war or crisis. Federal spending is significantly higher than the historical norm, while revenue remains ...