The Latest Breaking News from Federal Budget

The president-elect’s record and campaign positions belie Elon Musk’s talk of spending cuts.

Explore the potential economic impacts of President-elect Trump's proposed policies on inflation, economic growth, and the federal budget deficit.

The US government's fiscal year significantly impacts financial markets because the federal budget process influences economic policy, government spending, and fiscal stability. As the fiscal year draws to a close on September 30, market participants closely monitor budget negotiations, potential government shutdowns, and funding decisions, which can create uncertainty and…

Trump and Harris propose eliminating tip taxes, but experts question its impact on workers and the federal budget.

In fiscal year 2023, federal spending remained higher than before the pandemic.

In 2023, the US government brought in $4.47 trillion and spent $6.16 trillion.

The Congressional Budget Office reports the 2024 budget deficit will near $2 trillion.

This adjustment represents a 27% rise in the deficit forecast, attributed to factors such as increased Medicaid spending, the fallout from the 2023 banking crises, and the passage of a $95 billion aid package for Ukraine, Israel, and the Indo-Pacific region in April.

Congressional Budget Office report reveals a 0 billion increase in federal budget deficit, reaching record debt levels, posing challenges for future law...