The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 ...

The U.S. federal government spent $87.0B more than it earned in December, compared with the -$80.0B shortfall expected and ...

For the final calendar month of 2024, the shortfall totaled $86.7 billion, which actually represented a 33% decline from a ...

In a Wednesday interview on X, Elon Musk said cuts of $2 trillion to the federal budget might not be possible and was a "best ...

U.S, House Republicans, with the backing of incoming president Donald Trump,  are pushing to cut trillions of dollars from ...

The decisions that policymakers make could leave many millions of people much worse off while extending and increasing tax ...

The top-line budget agreement Congress worked out last weekend doesn't mean the work is done. Members still have to work out ...

Elon Musk walked back his previous claim that he could cut at least $2 trillion from the federal budget, saying Wednesday ...

The government is not a factory. Standard efficiency models, which usually involve cutting workers and adding capital, may ...

Billionaire Elon Musk, who is set to co-lead the new advisory Department of Government Efficiency, has admitted the agency ...

Texas businessman Joe Penland says the incoming Trump administration has a mandate to stop overspending and cut the federal ...

Russia will not allocate federal funds to equip civilian airports with anti-drone systems as initially expected, pro-Kremlin ...