Government Spending

Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.

Moody's Ratings downgraded the U.S. credit rating by one notch, from a pristine Aaa to Aa1, citing persistent and rising government debt as causing the move.

The General Services Administration is taking a longer-term approach with its government overhaul and is looking to cap certain indirect spending.

As President Donald Trump celebrated his 100th day in office last week, Elon Musk's Department of Government Efficiency announced it had cut $160 billion in waste, fraud and abuse in the federal government.

The Trump administration is releasing its "skinny" budget blueprint outlining its fiscal priorities, which will include a focus on boosting the defense budget.

Billionaire Elon Musk said the Department of Government Efficiency needs to examine the Federal Reserve's spending amid its cost-cutting push across the federal government.

Tesla generated $13.97 billion in automotive revenue in the first three months of 2025, marking a drop of nearly 20% from the same quarter last year.

Allianz economists are forecasting that the unemployment will rise to 5% by early 2026, though mass layoffs aren't expected as inflation raises consumer prices due to Trump's tariffs.

A federal judge temporarily halted the mass firings of nearly 1,500 workers at the CFPB on Friday following notices they received on Thursday advising them of their dismissals

A new report by the conservative group Unleash Prosperity calls for an end to federal funding for the California high-speed rail project due to cost overruns.

The National Association of Manufacturers sent 10 federal agencies details on 44 regulations it recommends President Donald Trump should revise or rescind.

About 20,000 workers at the IRS have expressed interest in buyout offers extended by the Trump administration as part of its plan to shrink the agency.

The Social Security Administration launched tools that will "identify suspicious activity in telephone claims by analyzing patterns and anomalies within a person’s account."

California Republican lawmakers in Congress are calling on the Department of Justice and the Department of Education to investigate fake community college applications.

The Department of Government Efficiency (DOGE) uncovered tens of thousands of unemployment claims for claimants with improbably high or low ages, which the Labor Department confirmed.

The Senate confirmed pro-cryptocurrency attorney Paul Atkins as President Donald Trump's new chairman of the Securities and Exchange Commission.

Data from the Bureau of Economic Analysis showed that private wage growth in January and February was outpaced by rising spending from government social programs such as Medicaid.

Sen. Mike Lee and Rep. Ben Cline are pushing a measure to block government employees from participating in union-related activities on official time.

The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by spending on Social Security, Medicare and interest expenses.

DOGE, which is led by Elon Musk, arrived at U.S. Peace Corps headquarters, suggesting it could be the latest target of efforts to downsize the federal workforce.