U.S. Budget

The U.S. budget deficit hit a record $2.06 trillion, up from $1.88 trillion during the same period the previous year. Spending between October and May is up almost 20% compared to the same time last year.

The New York Times first obtained documents about the budget request, reporting that Biden will call for total spending to rise to $8.2 trillion by 2031 with deficits topping $1.3 billion throughout the decade.

President Joe Biden is set to release his first budget wish list before members of Congress return next week, giving insight into his policy agenda and marking his stark departure from former President Donald Trump's priorities.

At a time when the world needed collaboration across borders to control the pandemic, U.S. militarism led to the opposite.

It seems that there is little appetite for fiscal sanity in Washington, D.C. these days.

GOP defectors have blasted the deal for adding $320 billion to current spending levels, a figure that contradicts their years of harping against deficits and debts.

The president needles Democratic criticism of his infrastructure plans, but Republicans are skeptical, too.

Tennessee Republican says the 2018 budget is really about pushing through tax reform.

The U.S. is not "going to pay off those debts," the budget chief says.

For all the wailing about defense austerity deals, spending caps were raised every year.

Passage of the deal lifts the threat of a default on government debt through the end of Obama's presidency.

The deal exchanges increases in federal spending for distant savings that will never materialize.

Despite stiff opposition from conservatives, the likely next speaker says the House needs to wipe the slate.

Boehner is a rogue agent negotiating on behalf of special interests, not the voters.

Congress must agree to new spending for an array of federal programs by Dec. 11.

We must raise the debt ceiling, end the sequester and spend more on education and infrastructure.

The deficit is at its lowest level since 2008.

By refusing to negotiate a budget deal, Republicans are playing a game of chicken with our safety.

The GOP presidential hopeful has clear differences with his rivals on how to pay for waging war.

By fighting Obamacare, Republicans now risk the security of the nation, and the future of their party.

Republicans rejected as inadequate the $5.3 billion President Obama had requested in the fight against ISIS.

A proposed budget by Congressman Paul Ryan would kill Obamacare, cut government spending on Medicare and food stamps, and increase military spending