The Treasury Department reported on Friday that the budget shortfall increased by $64 billion to $1.3 trillion in the first ...

Former Texas Land Commissioner and Pine Cove Capital managing partner George P. Bush discusses DOGE spending cuts and ...

Republicans and Democrats have been arguing for months about the pros and cons of President Donald Trump’s One Big Beautiful ...

It's a huge price tag, and it's worsening an enormous, record-setting budget deficit -- $1.6 trillion. Many people are now asking how we got here. Especially when it was not long ago that we had a ...

The Federal deficit is running at 6.7% of GDP, while net government debt , ... Key parameters of the US federal budget (FY2018-24, and 12M ending May 2025) *12M rolling sum.

The Congressional Budget Office projected that the House GOP tax bill – dubbed the "One Big Beautiful Bill Act" – would add $2.77 trillion to deficits over ten years.

The US budget deficit exceeded $6 trillion in 2024, and Elon Musk, the former head of the Department of Government Efficiency (DOGE), saw his efforts to cut federal spending fail, with just $180 ...

Concerns over what Trump's tax bill will do to the federal deficit have rattled the Treasury market. Nerves were soothed somewhat on Thursday after strong demand at a 30-year auction. Both near ...