Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...

The Congressional Budget Office has released new economic projections, expecting the Federal Reserve to cut short-term rates ...

After the White House called for billions of dollars in funding reductions, senators and representatives are rescinding the ...

California Gov. Gavin Newsom unveiled a record-high $350 billion state budget Friday that makes “historic” investments in ...

U.S. President Donald Trump's proposed increase in defense spending for 2027 is unlikely to be offset by savings or revenues ...

U.S. President Donald Trump posted a chart on his social media account late on Thursday that included job-market data that ...

Newsom's administration forecast a "modest" $2.9 billion shortfall in the coming year, down sharply thanks to continuing ...

Newsom's financial update shows he's banking on the state's economy to keep growing and the stock market to do well with ...

The Republican Study Committee (RSC) released a comprehensive blueprint to execute Trump's agenda while balancing the federal ...

Meanwhile, the Peterson Foundation updated its projection: the U.S. would be spending more on defense than the next 35 ...

The United States borrowed $601 billion in the first three months of Fiscal Year (FY) 2026, including $143 billion in December, according to the latest ...

California Gov. Gavin Newsom's administration says Friday the state is facing a $2.9 billion budget deficit. It's the last ...