The U.S. federal budget serves as the central financial blueprint for government priorities, directing capital toward healthcare, retirement programs, and national defense. It functions by reconciling ...

Last year, U.S. Treasury Secretary Scott Bessent set a target to cut the U.S. federal budget deficit to just 3% of GDP by the end of President Donald Trump’s second term. The deficit reduction was a ...

The Federal Government publishes the spending and revenue numbers on a monthly basis. Looking at the average monthly deficit, both October and December were much larger than average, with November ...

U.S. oil production is plateauing near record highs, making a 3 million b/d increase by 2028 increasingly unlikely. The CBO projects rising deficits and debt despite tariff revenues, driven by tax ...