The federal government borrowed $1.3 trillion during the first six months of the current fiscal year, the Treasury Department ...

After several months of cutting government contracts, grants, leases and workers, Elon Musk seems to be realizing what budget ...

Americans estimate the federal government wastes 59 cents of every dollar it spends, according to a new survey by the Cato ...

The U.S. debt ceiling is in the news ... the federal government has over eight times more liabilities than assets ($45.5 trillion versus $5.6 trillion, as of Sept. 30, 2024).

The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge. The winner of the ...

The country’s debt service hit a record P2 trillion last year, largely on principal payments, as the government moved to cut mounting obligations.

Commerce Secretary Lutnick describes how the US Debt ... a $2 trillion deficit and $37 trillion in debt. However, the US has $500 trillion to $1000 trillion in assets. DOGE will cut $1 trillion of ...

Consumers owe a record $1.211 trillion on their credit cards, and the average American credit card debt balance is $6,380. We've reviewed research from government agencies and credit bureaus to ...

As Congress hashes out spending and tax cuts, a Cato survey shows widespread public support for shrinking the scope of the federal government.