Elon Musk's cost-cutting efforts at the Department of Government Efficiency have yet to reduce the federal deficit overall; ...

The federal government ran a $345 billion deficit for the month of August, according to a monthly report from the U.S. Treasury Thursday. The figure exceeded expectations, as economists had forecast a ...

We're continuing to track the big tax and spending bill winding its way through Congress, which would add $2.4 trillion to the U.S. government deficit over 10 years, according to the nonpartisan ...

Republicans claim to be fiscal conservatives. That may have been true at one time, but that hasn’t been so for decades. The change began in the 1970s, when Jude Wanniski came up with the “two Santas” ...

WASHINGTON -- The federal government is on track to end fiscal 2025 with its third-largest deficit on record, based on Treasury Department data released Thursday. The agency reported the United States ...

In the world’s biggest bond market, investors are pushing back against President Donald Trump’s tax-cut plan. On Wednesday, they drove yields on benchmark 30-year Treasuries to as high as 5.1%, ...

French Finance Minister Roland Lescure said the 2026 deficit could exceed 5.4% of economic output after parliament failed to ...

Bridgewater Associates founder Ray Dalio said on a recent podcast that the U.S. could be headed towards a future "economic heart attack" without government action. He told Bloomberg’s "Odd Lots" ...