The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 billion in the same period last year, an increase of 39%, the Treasury ...

The U.S. federal government spent $87.0B more than it earned in December, compared with the -$80.0B shortfall expected and ...

In a Wednesday interview on X, Elon Musk said cuts of $2 trillion to the federal budget might not be possible and was a "best ...

Elon Musk walked back his previous claim that he could cut at least $2 trillion from the federal budget, saying Wednesday ...

Billionaire Elon Musk, who is set to co-lead the new advisory Department of Government Efficiency, has admitted the agency ...

The top-line budget agreement Congress worked out last weekend doesn't mean the work is done. Members still have to work out the agency-by-agency allocations.

Texas businessman Joe Penland says the incoming Trump administration has a mandate to stop overspending and cut the federal ...

The government is not a factory. Standard efficiency models, which usually involve cutting workers and adding capital, may ...

Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most ...

Firefighters battle the Eaton Fire on Jan. 8, 2025, in Altadena, Calif. Hundreds of U.S. Forest Service personnel are on the ...

Executive Budget recommendations on Monday afternoon.The announcement will take place at 1 p.m. at the South C ...

Metrics released by the Office of Management and Budget offer insight into how agencies are implementing the 21st Century ...