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

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 ...

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

The budget report pie chart is shown below. Roughly 39 percent of the 2020-2021 and 37 percent of ... If the federal Medicaid dollars cease then the state money match moves to zero. One overlooked ...

The remaining amount was financed by borrowing. (Note: In this analysis, the figures are adjusted for certain one- or two-day timing shifts in federal payments that distort the year-to-year paths.) As ...

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

White House officials said they were withdrawing the memo, which had been issued by the Office of Management and Budget ... freeze on numerous types of federal spending. · White House On ...

A sweeping freeze on trillions in federal spending for grants and loans, issued Monday night by the White House budget office ...

The Apollo C.E.O. Marc Rowan has championed a model that doesn’t fit within party lines.

The U.S. Office of Management and Budget on Monday ordered a freeze of all federal spending until agencies could review that spending to make sure it was consistent with Trump's priorities ...

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 ...

referred to as budget functions, and these categories organize federal spending into topics based on purpose. The top 10 categories and agencies for federal spending within the 2025 fiscal year ...