The U.S. budget deficit surged past the $1 trillion mark in February, less than six months into fiscal year 2025. According ...

The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget ...

A House GOP aide told The Post that the “target cuts” for both chambers of Congress will be reconciled — with at least $1.5 ...

Russell T. Vought, leader of the Office of Management and Budget, aims to marry extreme austerity with his Christian values.

Weak population gains and higher government spending could hamper growth over the next 30 years, the CBO said Thursday.

At its current rate of borrowing, the country’s debt as a share of the economy will reach 118% in 2035, the Congressional ...

The government's ability to borrow using so-called extraordinary measures will probably be exhausted in August or September ...

We study how people understand numbers. At a time when student math scores are sliding, are Department of Education cuts worth it?

The focus on reducing the size of government employment, at least as a percentage of all employment, is a search for ...

The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the ...

The U.S. government will risk defaulting on some of its $36.6 trillion in debt sometime between mid-July and early October ...

President Ronald Reagan and House Speaker Tip O’Neill used to brawl with each other over politics in the 1980s, but could ...