Federal budget deficit hits record $1.1T in first 5 months of fiscal year
New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal ...
Here’s How Government Spending Has Grown—and Where the Money Is Going
Social Security remains one of the largest federal spending categories, while net interest on the national debt is the ...
What Does a Shutdown Have to Do With the Budget or Elon Musk? Here’s a Guide.
By design, budget reconciliation mostly addresses the parts of federal spending that are not part of the appropriations ...
These states get up to half of their revenue from the federal government
Federal dollars make up 18% to 50% of state budgets, depending on the state, according to data from the National Association ...
US October-February budget deficit hits record $1.147 trillion
The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said ...
The Fiscal Outlook: A Federal Budget Projection
Explore three budget scenarios, including tax policy impacts and AI-driven productivity gains. Click here to read what ...
How Trump is weaponizing federal spending power
These funding threats raise important questions about the constitutional balance of power between federal and state ...
The Washington Post16h
D.C.’s revenue forecast takes $1 billion turn after Trump’s federal job cuts
where roughly a quarter of the workforce is federal employees, and create a major hole in the city’s budget, D.C.’s top financial officer warned in revised revenue projections. Historically ...
Walters: California’s cities and schools face big budget gaps, few options
California's major cities and school districts are facing sizable budget gaps. Much like the state, they have few financial ...