The CBO's monthly update shows the federal budget deficit on track to hit $2.1 trillion as national debt interest costs surge 14% year over year.

The federal budget is on an unsustainable path. Annual deficits are close to $2 trillion, and the federal debt will reach 120% of GDP by 2036. These top-line numbers should make you worried, but even ...

Federal education policymakers find themselves at a critical intersection of budget policy and human investment as they consider budget reconciliation legislation. Updated, March 4, 2025: This post ...

CNBC's Megan Cassella reports on the federal budget deficit and tariff refunds.

U.S. President Donald Trump plans to unveil his budget proposal for the 2026 fiscal year on Friday and send it to Congress, according to a White House official. The annual White House budget request ...

The numbers: The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenues. The fiscal year ended on Sept. 30. Key ...

The federal budget will be handed down by Treasurer Jim Chalmers at 7:30PM AEDT on Tuesday March 25. While the official budget papers are under lock and key until then, the government has been making ...

Forbes contributors publish independent expert analyses and insights. Fred L. Smith Jr. Fellow at the Competitive Enterprise Institute. Mar 11, 2024, 12:12pm EDT This article is more than 2 years old.

The country is in a moment where the distribution of responsibilities and resources between local communities and the federal government is shifting. The last four years have been defined by large ...

The so-called Department of Government Efficiency, with Elon Musk as co-leader, has advantages that past budget-cutters did not, but laws and court challenges can still make change slow and difficult.

I’m a finance professor at UCLA, so let’s talk finance. Which numbers are more meaningful to you? Having $50 to $100 cash in your pocket (rough average for an American) or knowing the total U.S.

A short-term spending bill, a 10-year budget plan and Musk’s cost-cutting team are all progressing at once. By Margot Sanger-Katz and Alicia Parlapiano Reporting from Washington See more of our ...