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

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

The national debt has become a rallying cry for Republicans as they seek to dismantle the federal government, justifying the ...

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 ...

Conservatives who have spent decades promoting deep cuts to government are giving mixed reviews to the Department of Government Efficiency, the Elon Musk-led project to slash the federal workforce and ...

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 ...

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

Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their ...

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

The largest private employer in Massachusetts is planning significant layoffs citing a significant budget deficit.