Donald Trump’s next administration is limited in the ways it can slash federal spending.

Sen. Ron Johnson (R-Wis.) doubled down on a conservative plan to reduce government spending with new proposals outlined in an ...

Elon Musk wants his crusade to radically slash federal spending to resemble what is underway in Argentina, where the leader's ...

Sen. Rand Paul (R–Ky.) has released his annual Festivus Report, highlighting over $1 trillion in wasteful federal government ...

The S&P 500 (SNPINDEX: ^GSPC) has advanced 27% in the past year. Those stock market gains were driven in part by expectations that the Federal Reserve will keep cutting interest rates. Lower rates ...

Elon Musk and Vivek Ramaswamy have big plans for the Department of Government Efficiency. The two have promised to significantly reduce the federal budget, with a goal of cutting $2 trillion in ...

It looked like funding for the Gabriella Miller Kids First Research Program wasn't going to make it — until something unusual ...

Republicans may not have a functioning legislative majority by the time those fights begin. The GOP won 220 seats in November ...

Dismissing high-speed rail critics, Gov. Gavin Newsom announced the rail authority would begin laying tracks outside ...

Congress passed a bipartisan spending bill that will send more disaster relief funding to North Carolina and other states ...

​ Rep. Victoria Spartz, one of a handful of House Republicans who could deny Speaker Mike Johnson the gavel in the new ...

Federal funding helps state and local governments, which account for 90% of transportation spending, according to the Bureau of Transportation Statistics.