government spending

The U.S. has already surpassed its 2025 budget deficit with about a month and a half left to go in its fiscal year. According to the Congressional Budget Office, the government is on track to borrow more than $2 trillion in fiscal year 2026.

The updated number could also show that the AI spending boom is accelerating.

A breakdown of how much you’re paying for Social Security, health care, food assistance, the national debt, defense, and more.

Recent spending cuts to rural safety net programs have some bracing for financial hardship, in light of what they went through during the Great Recession.

That low interest rate period before the pandemic was unusual. We’re probably headed in the other direction.

The nonprofit Partnership for Public Service says DOGE’s firings, rehirings and putting employees on leave have cost as much as $135 billion.

Cutting these jobs indiscriminately will “substantially damage the economy,” experts say.

Government spending is tied up with consumer and business spending. Not reporting it as part of GDP would breach global accounting standards.

Government spending is built into the formula for calculating GDP.

According to both the Constitution and the Impoundment Control Act of 1974, the president does not have the authority to spend or hold back funding Congress has appropriated.