The Federal Government ran a $1.8T budget deficit for the fiscal year, with a $560B deficit in the last quarter alone.

Presidents have a significant impact on both the national debt and the budget deficit because they propose the federal budget to Congress each year. As of April 2024, President Joe Biden has ...

Illinois House Speaker Chris Welch hired a new appropriations staff director and plans on making operational changes in 2025.

President-elect Donald Trump's new Department of Government Efficiency (DOGE) is getting a lot of buzz, much of it ...

The budget results for October, the first month of the 2025 fiscal year, come after President Joe Biden's administration turned in a full-year fiscal 2024 deficit of $1.83 trillion, the largest ...

The U.S. government had a monthly budget deficit of $ ... that the 2024 fiscal year had a deficit of $1.8 trillion-- the third-highest on record. The government's fiscal year runs from October through ...