Government Spending

Government spending on social programs rising

Data from the Bureau of Economic Analysis showed that private wage growth in January and February was outpaced by rising spending from government social programs such as Medicaid.

Can DOGE dent inflation? Elon Musk says yes

DOGE leader Elon Musk said the group's cost-cutting efforts can reduce federal spending and, in turn, slow inflationary price increases that are hitting household budgets.