Over the 12 months ending in July, prescription drug prices saw their biggest annual drop in more than 60 years, according to inflation data released by the Bureau of Labor Statistics Wednesday. While ...

President Trump doesn’t like the way the U.S. Navy launches planes from its new Ford-class aircraft carriers or the way the carriers look, and so the Navy is eyeing major design changes that could ...

The U.S. gross national debt surpassed a record $40 trillion, the Treasury Department said Wednesday. The number serves as a milestone on a path of ever-expanding government debt, driven higher by a ...

Good evening. Dispensing with hopes for a quiet final week of summer, the Trump administration ramped up conflicts with Iran and Canada today, as Treasury Secretary Scott Bessent announced a new ...

The Clinton era of the 1990s is remembered as a prosperous time punctuated by a series of scandals. Today, we tend to dismiss these scandals as irrelevant because they mostly involved sex, were ...

The U.S. military is good at fighting wars, but it sucks at managing money. Partly because of its convoluted bookkeeping systems, $8.5 trillion—yes, trillion—taxpayer dollars doled out by Congress ...

President Obama vetoed a bill last week that would have limited the taxpayer money spent on expense accounts for former presidents. The bill, titled the Presidential Allowance Modernization Act and ...

The Department of Government Efficiency came to an official end this past weekend as the Trump administration’s cost-cutting effort reached a self-imposed termination date of July 4, 2026. First ...

President Biden downplayed the likelihood of a recession in an interview with the Associated Press last week, and he repeated the point over the holiday weekend, citing a notable former Treasury ...

Opinions about tax policy are divided in the U.S. along fairly predictable partisan lines, with Republicans typically expressing preferences for lower taxes compared to Democrats, but how do those ...

The federal budget deficit totaled $1.37 trillion in the first nine months of the current fiscal year, according to the latest monthly budget review from the Congressional Budget Office. The deficit ...

Happy Thursday! President Trump indicated Thursday that he's prioritizing a tax audit immunity deal that benefits him and his family over having Todd Blanche, his nominee for attorney general, ...