Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts ...

Elon Musk's Department of Government Efficiency (DOGE) has implemented sweeping spending cuts across federal departments.

The federal budget debate has big implications for the economy. Businesses are betting that tax cuts will be extended and the ...

RUNAWAY federal spending is a conservative myth, Mark Fernald asserted in a Feb. 15 op-ed. The real cause of the deficit is Republican tax cutting, he claimed.

During their finance committee meeting on Feb.11, North Penn’s board heard from Trump, who said he is “not related, and does ...

Gov. Pritzker unveils a $55.2B budget, balancing spending without tax hikes while addressing federal funding uncertainties.

President Donald Trump has embarked on a plan to cut up to $2 trillion from federal government spending. To achieve that goal, some economists and analysts say, the White House would need to cut ...

The G.O.P. bill would extend tax cuts and almost certainly make big reductions to programs serving the poor. Passing it may ...

Experts say the layoffs of roughly 7,000 IRS workers likely mean the end of the agency’s plans to go after high-wealth tax ...

Eliminating all federal workers would reduce total spending by 5%, whereas people paid by the government who work for private businesses is three times larger.

The budget plan the Senate passed before dawn on Friday leaves large hurdles for President Donald Trump’s tax cut agenda and ...

One potential benefit is revenue. Could the tariffs produce significant tax revenue that would help reduce the federal debt?