The federal government posted a $129 billion budget deficit for January, up sharply from an unusually low $22 billion deficit ...

The House Budget Committee advanced a budget resolution after a marathon meeting Thursday, clearing the first hurdle in the ...

Conservatives who have spent decades promoting deep cuts to government are giving mixed reviews to the Department of ...

The initial plan calls for $4.5 trillion in tax cuts and at least $1.5 trillion in spending reductions, along with an ...

In Ray Dalio's forthcoming book "How Countries Go Broke" he argues that the United States' budget deficit should be cut.

The Republican House Budget resolution out Wednesday reveals the Ways and Means Committee will get $4.5 trillion to lock in tax cuts, one of President Donald Trump 's major proposals. The GOP also ...

Speaking to reporters for the first time since he took charge of the Trump administration's cost-cutting initiative, Elon ...

House Republicans release their long-promised budget outline as they seek to fulfill President Trump’s agenda while cutting both the deficit and taxes. But it remains unclear whether the plan will ...

The U.S. trade deficit hit near-record levels in late 2024 as America's trading partners prepare to navigate Trump's tariffs.

On the other side of the Capitol, Senate Republicans have backed a two-bill strategy. The first is focused on border security, defense and energy priorities, while the second would include an ...