Government Spending

Federal budget deficit running 11.8% higher this year

The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years.

Navy considers shipbuilding cuts for upcoming budget

The proposal would shrink the size of the fleet from today’s level of 293 ships to 287 ships, a far cry from the official goal of 355 ships established in the 2018 National Defense Authorization Act.