The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and ...

Eight months after the Department of Government Efficiency effort to shrink the federal workforce began, some agencies are ...

Lawmakers are navigating a familiar budget crisis, but a rarely used presidential tool is shifting the balance of power and ...

The Treasury has announced a lower-than-expected Budget deficit - with the difference mainly pinned to incorrectly forecasted ...

The parliamentary budget officer said Thursday he expects the coming fall budget will reveal a sharp increase in Ottawa's ...

The deepening financial strain is forcing city officials to consider ideas that would likely stir controversy, such as increasing the monthly sanitation fee and raising taxes.