How DOGE can cut $2 trillion from the federal budget each year
Elon Musk, the head of President-elect Donald Trump’s government-shrinking initiative, DOGE, said he would cut “at least $2 ...
US debt reckoning escalates sharply as top bond buyer pulls back from long-term Treasuries
"But at some point, if you borrow too much, lenders may question your ability to pay it all back. It doesn’t take a vigilante ...
Federal Government Has 'Grown Too Big, Promised Too Much, Subsidized Too Many,' Warns Former GAO Boss
This week's House Budget Committee hearing showed bipartisan agreement about the seriousness of America's fiscal problems.
House passes nearly $1 trillion defense spending bill, adding to US debt of $36 trillion
The U.S. House passed a mostly bipartisan bill to spend nearly $1 trillion on national defense, adding to the already growing ...
Budget overhaul could cut deep in Trump country
Trump has proposed big cuts to the federal budget, but any significant reductions could have an outsized impact in states ...
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EDITORIAL: Think twice before whacking U.S. debt
A wise and respected local financial adviser who asked not to be named in this editorial points to a Dec. 6 article by Clem Chambers in Forbes Magazine. It’s called "Strange Debt: How I Learned To ...
Economists tout tax changes as a way to help federal budget woes
A new report from the Penn Wharton Budget Model argues that the federal debt can be slashed without sacrificing economic ...
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House, Senate Democrats urge Biden to bump civilian federal pay raise up to 4.5%
Lawmakers called for a 4.5% federal pay raise to align with the military’s expected 2025 raise. Currently, civilian feds are ...
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Powell calls for ‘change’ in ‘unsustainable’ fiscal path
“The U.S. federal budget is on an unsustainable path. The debt is not at an unsustainable level, but the path is unsustainable, and we know that we have to change that,” Powell said during an ...