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

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

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

The OMB is like the government’s central nervous system – it, and its director, are at the center of pretty much everything.

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 ...

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.

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

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

Project 2025 contributing author Russell Vought is slated to resume his prior role of Office of Management and Budget ...