Donald Trump's claim that he cut the federal budget deficit by 27% in one year is false, as there are no credible sources to ...

The U.S. Treasury Department released the latest Monthly Treasury Statement on Tuesday, Jan. 13, revealing that the federal ...

The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the ...

Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is ...

House Republicans unveiled a new "big, beautiful bill," which the Republican Study Committee said could cut federal deficit ...

The House GOP's largest caucus of conservatives has released a plan for a second 'big beautiful bill' to tackle affordability ...

Another challenge is that fraud is not easy to root out entirely. Historically, "only a small percentage of tax dollars lost to fraud are ever actually recovered by the government," said Bob ...

House Republicans unveil comprehensive plan for reconciliation bill that could allegedly cut federal deficit by over $1 ...

Since Donald Trump returned to the White House in January, the federal deficit has declined by $516 billion on a trailing-12-month basis. Spending is basically flat, but revenue is up a remarkable 8.5 ...

Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...