Elon Musk and Vivek Ramaswamy said this week that they plan to target billions of dollars in “unauthorized” federal spending as part ... As the chart below shows, veterans’ healthcare ...

Washington is spending more of your money than ever — far above the rate of price increases over the past quarter-century.

Speaker Johnson and Rep. Arrington were able to unite the House Republicans in passing the budget resolution, including a ...

while revenues as a percent of GDP were close to their historic average (see chart) The main concern is that the federal budget deficit has swelled. It exceeded 6% of GDP in 2024, roughly twice ...

The gap between US federal spending and tax revenue is currently ... but spending was 23.4% compared with an average of 19.8%. 117487911 A chart like this (which I originally made last month ...

The key thing, as Yves notes, is that the chart includes state and local infrastructure spending ... But there wasn't the political will at the Federal Government (which had the capability ...

U.S. consumer prices increased moderately in February as higher shelter costs were partially offset by cheaper airline fares, ...

Consumer and business sentiment is wobbling as fiscal support fades and tariff fears rise. Read more at straitstimes.com.

DOGE, headed by unelected billionaire Elon Musk, is spearheading these federal layoffs to cut what it considers wasteful government spending. In 2024, the government spent almost $7 trillion.