COMING SOON,” Defense Secretary Pete Hegseth posted on X last month, “the first TRILLION dollar @DeptofDefense budget.” Thank ...

One former Federal Reserve trader is concerned that this longtime tailwind could soon morph into a serious problem for ...

and will partner with the White House and Office of Management & Budget." In light of the announcement, Newsweek has taken a dive into what the U.S. government's spending looks like. How Does the ...

The US House of Representatives recently passed a budget for the 2025 fiscal year, H.R.1: 'One Big Beautiful Bill Act,' or ...

The hardest hit state departments are health and human services, and education. But the cuts are rippling across a range of ...

The Republicans may also have to factor in growing stress in the nation’s economy arising from US tariff hikes that are upending global trade. Trump proposes $163bn cut to US federal budget ...

The federal budget is an itemized plan for the public expenditures of the United States. The budget establishes a framework for the appropriation bills that Congress must approve and the ...

It’s a common misperception that U.S. foreign aid makes up about 25% of the federal budget each fiscal year. The total U.S. federal budget is $6.1 trillion, and in fiscal year 2022, the U.S ...