In January 2020, the CBO estimated that gross federal debt would not surpass $37 trillion until after fiscal year 2030.

The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record. This highlights the rapid ...

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in ...

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest ...

The U.S. Court of Appeals for the D.C. Circuit mandated that the Office of Management and Budget restore a website detailing ...

Congress’s budget arm reported Monday that Republicans’ massive tax-and-spending legislation dubbed the “One Beautiful Bill” ...

Traditionally, elected officials have feared public backlash if they try to take from the poor to give to the rich. This year ...

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

Finally, the new law mandates that updates to the package that underlies SNAP benefits cannot raise costs, which will lead to lower average monthly benefits. By 2034, average benefits will be $213 per ...

THE Department of Budget and Management (DBM) submitted the proposed P6.793-trillion 2026 National Expenditure Program to both houses of Congress on Wednesday, with lawmakers promising a more ...