U.S. federal budgeting has two major categories of spending. The one subject to the most scrutiny is “discretionary” spending, which is the basis of the annual appropriations process. This includes ...

The Inflation Reduction Act (IRA) significantly changed the popular Medicare drug programs. While an IRA policy goal is to reduce the ...

President Trump is considering eliminating FEMA citing inefficiency. States and climate advocates say FEMA needs a fix but it also needs to stay.

Recent federal budget proposals would shift significant costs, explicitly or implicitly, to states and localities by ...

Web-based party games are making a comeback, now with the infusion of generative AI. Among the startups joining the trend, ...

Social Security is facing a potential financial crisis that could impact millions of Americans who rely on these benefits for ...

Social Security has two other funding sources: benefit taxes on some seniors and interest income earned on money in the ...

Trump’s proposals to radically transform much of US economic and social policy are being rapidly rolled out during the first week of his administration. How much he succeeds or fails in that ...

In virtual remarks to the annual meeting of the World Economic Forum in Davos, Switzerland, President Donald Trump on ...

The Congressional Budget Office projects the federal deficit will continue to rise, reaching $2.7 trillion by 2035, due to ...

Still, annual budget deficits are expected to be equal to 6.1% of U.S. gross domestic product in 2035, which the CBO noted is “significantly more than the 3.8 percent that deficits have averaged ...