In a reversal from 2023, policymakers enacted $1 trillion of ten-year debt increases in 2024, including roughly $380 billion ...

The U.S. federal government’s $6.8 trillion spending in fiscal 2024 is unlikely to see significant cuts next year, despite ...

President-elect Trump has named Elon Musk and Vivek Ramaswamy to lead a new so-called “Department" of Government Efficiency ...

Eliminating government agencies should be ... For comparison, over the last 50 years, as share of GDP, federal spending has averaged 21.1 percent, federal revenues 17.3 percent and the federal ...

and federal government spending," the Commerce Department said on Thursday. A consensus estimate pegged third quarter GDP growth at 2.8 percent initially, unchanged from before, according to ...

Compare U.S. government finances ... and U.S. revenue (from federal, state and local taxes) ranks near the bottom as a percentage of GDP. Spending is below average, but not such a standout.

Houston follows Seattle with 6.2% GDP growth. Rounding out the top of the list are Charlotte, North Carolina (4.7%); San ...

Large swaths of the U.S. government could temporarily close at midnight on Friday if Congress does not approve a stopgap ...

In this report, we take a deep dive into the composition of federal government ... spending represented nearly one-half of total discretionary spending in FY 2024 and amounted to 3.0% of GDP ...