A new report from the Penn Wharton Budget Model argues that the federal debt can be slashed without sacrificing economic ...

The U.S. economy is predicted to slow in growth, according to reports by the Organisation for Economic Co-operation and ...

FEDERAL DEFICIT ... budget, and our trust funds are heading towards insolvency and automatic benefit cuts, all because of our ...

A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan ...

The Tesla billionaire and close confidant of Trump, 78, has already vowed to cut the bloated federal budget by “at least $2 trillion.” “Yes, the federal deficit is a longstanding bipartisan ...

A federal budget deficit occurs when a government spends more than it earns in revenue over a given fiscal year. This shortfall is typically financed by borrowing through the issuance of government ...

With a little over a month to go until Mayor-elect Daniel Lurie’s inauguration in San Francisco, the city already has a ...

WASHINGTON (Reuters) - Cuts in funding for the Internal Revenue Service, long eyed by Republicans in Congress, would increase the federal deficit by ... Congress fixed the budget issue, he said.

Bessent, a hedge-fund manager, espouses a “three arrows” approach toward overseeing the US economy: reducing federal deficits ... the defense budget, to help lower the deficit while rescinding ...

With a multi-billion dollar deficit looming in a few years, the divided state Legislature must decide next session whether to address the imbalance immediately, or delay potential budget cuts or tax ...

The government’s budget deficit has been set to grow even larger due to falling tax revenue and higher spending.