Government Spending

The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House and Congress.

NATO projects that all member countries will meet the 2% GDP defense spending target in 2025, while nearly all member countries agreed to a new 5% of GDP goal by 2035.

The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and Medicare costs as well as interest expenses despite tariffs.

Trump administration unveils new SAVE initiative allowing federal workers to earn rewards for suggesting ways to reduce wasteful government contract spending.

A new analysis by the Committee for a Responsible Federal Budget shows that federal deficits and the national debt are expected to grow at a faster pace over the next 10 years.

Trump appoints Airbnb co-founder Joe Gebbia as first U.S. chief design officer to overhaul 26,000 outdated federal websites and improve digital services.

German grocer Lidl is pushing forward with plans to expand its presence in New York even with New York City mayoral candidate Zohran Mamdani's government-run grocery store proposal.

The One Big Beautiful Bill Act raised the debt limit by $5 trillion, causing concern among fiscal experts as it's projected to add over $3.4 trillion to the national debt over 10 years.

A federal appeals court overturned a lower court ruling that had blocked the Trump administration's efforts to dismantle the Consumer Financial Protection Bureau.

Several states have raised taxes on wealthy residents to narrow state budget deficits and offset expected declines in federal funding for programs like Medicaid.

The U.S. national debt surpassed a historic $37 trillion milestone for first time as Treasury Department data shows federal government accumulating debt at rapid pace.

The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from the Trump administration's tariffs on imported goods.

The Trump administration's DOGE developed an AI tool to review 200,000 federal regulations, aiming to cut about half of regulations and save trillions in compliance costs.

As Kansas City moves to reinstate bus fares for most riders over budget concerns, NYC mayoral candidate Zohran Mamdani is pushing for the Big Apple to make all bus fares "free."

Antonio Gracias, an Elon Musk ally who had been involved in the DOGE effort, is no longer serving as a volunteer special government employee

Social Security's retirement trust fund is facing insolvency by late 2032, potentially triggering a 24% benefit cut for 62 million retirees if Congress doesn't act, an analysis found.

The over budget renovation of the Federal Reserve's headquarters draws criticism from the Trump administration and raises pressure on Chairman Jerome Powell.

State data analyzed by the Illinois Policy Institute reveals the unrealistic and unsustainable nature of the state’s "Tier 1" pension.

Republicans' One Big Beautiful Bill Act reforms SNAP by requiring states with error rates above 6% to share costs starting in 2028, with 43 states currently exceeding this threshold.

Failing to raise the debt limit before the Treasury runs out of cash could trigger further credit downgrades and roil financial markets. In short, Republicans and Democrats want to avoid a U.S. government default because it undermines America’s economic credibility.