The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]
Critics of FAA reauthorization bill say it fails to address major upgrades to air traffic control system
Congress has pushed off deadlines for the reauthorization bill, but the next one is at the end of September.
Elected officials have a lot of work to do by the end of the year.
The Congressional Budget Office says the tax and spending bills will increase the budget deficit by billions.
Federal agencies are now trying to figure out how to spend billions of dollars in the next six months. President Donald Trump signed the $1.3 trillion spending bill Congress sent him last week, unleashing funding for fiscal year 2018, which is already half over. It’s a use-it-or-lose it situation for federal agencies. Click the audio player […]
President Donald Trump plans to visit California this week. He’s expected to stop in San Diego to take a look at prototypes for a border wall with Mexico. But the big question still looms: How much will it cost, and will Congress fund it? Click the audio player above to hear the full story.
NASA's education program is also targeted. But does this budget matter?
The shutdown came after Kentucky Senator Rand Paul blocked a vote on the budget plan.
How does fiscal policy play into what's happening in the markets?
Last-minute negotiations crumbled as Dems and GOP blame each other.