Government Spending

Trump administration blames Democrats for funding stalemate triggering federal layoffs, as National Economic Council director Kevin Hassett warns of permanent RIFs.

The Congressional Budget Office reported a $1.8 trillion federal deficit for fiscal year 2025, driven in part by a record $1 trillion interest costs from servicing the national debt.

Federal government shutdown prompts $4 million in prediction market bets, with 72% of Polymarket traders expecting at least two-week duration.

The federal government shutdown that began Oct. 1 may cost American taxpayers billions in back pay and administrative expenses, based on past shutdowns.

The ongoing government shutdown delayed the anticipated September jobs report, which economists estimated would show 50,000 jobs added and the unemployment rate holding steady at 4.3%.

Financial markets are expected to remain relatively unfazed by the government shutdown, with the S&P 500 historically posting positive returns during past shutdowns.

Starting in 2026, workers age 50 and older earning more than $145,000 must make catch-up 401(k) contributions to Roth accounts instead of pretax accounts.

Speaker Mike Johnson claims Chuck Schumer's shutdown strategy backfired by giving the executive branch the power to reshape government services.

A federal government shutdown may begin at midnight barring action by Congress, potentially sparking concerns about the economic impact though past shutdowns had little impact.

NYC socialist mayoral candidate Zohran Mamdani plans to boost legal defense services for immigrants facing deportation with $165 million in total funding if elected mayor.

NATO projects that all member countries will meet the 2% GDP defense spending target in 2025, while nearly all member countries agreed to a new 5% of GDP goal by 2035.

The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and Medicare costs as well as interest expenses despite tariffs.

Trump administration unveils new SAVE initiative allowing federal workers to earn rewards for suggesting ways to reduce wasteful government contract spending.

A new analysis by the Committee for a Responsible Federal Budget shows that federal deficits and the national debt are expected to grow at a faster pace over the next 10 years.

Trump appoints Airbnb co-founder Joe Gebbia as first U.S. chief design officer to overhaul 26,000 outdated federal websites and improve digital services.

German grocer Lidl is pushing forward with plans to expand its presence in New York even with New York City mayoral candidate Zohran Mamdani's government-run grocery store proposal.

The One Big Beautiful Bill Act raised the debt limit by $5 trillion, causing concern among fiscal experts as it's projected to add over $3.4 trillion to the national debt over 10 years.

A federal appeals court overturned a lower court ruling that had blocked the Trump administration's efforts to dismantle the Consumer Financial Protection Bureau.

Several states have raised taxes on wealthy residents to narrow state budget deficits and offset expected declines in federal funding for programs like Medicaid.

The U.S. national debt surpassed a historic $37 trillion milestone for first time as Treasury Department data shows federal government accumulating debt at rapid pace.