Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to ...

FILE PHOTO: Russ Vought, U.S. President-elect Donald Trump’s nominee for director of the White House Office of Management and ...

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

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 ...

If confirmed, Mr. Vought will be at the center of President-elect Donald Trump’s plans to upend the federal bureaucracy.

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

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

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

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 ...

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

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