"We won’t be able to fix the debt without touching Social Security, Medicare, defense, or revenue—the math just doesn’t work.

The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt interest costs and higher Social Security and defense spending — which more than ...

President Donald Trump’s first year of his second, nonconsecutive term brought all sorts of changes. His administration shuttered the United States Agency for International Development, had the ...

Rearmament, an aging population, technological change and fear of voters are fueling a risky trend.

Fiscal deficits often rise when the government increases spending to support the economy, especially during slowdowns or ...

The U.S. government spent $173 billion more than it collected in revenues in November. But as bad as that sounds and is, it is nevertheless better than the $193 billion deficit posted in October and ...

Lawmakers will consider more than 250 bills in a five-week session meant to balance the state’s budget and tackle urgent ...