Government Spending

President-elect Trump is reviewing candidates for the Treasury secretary role, with the list of contenders getting broader after Elon Musk offered an endorsement and shook up the race.

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

Vivek Ramaswamy and Elon Musk's Department of Government Efficiency will pursue the elimination of some federal agencies and massive reductions in the federal workforce.

The Department of Government Efficiency that President-elect Trump has tapped Elon Musk and Vivek Ramaswamy to lead could look at regulators with overlapping jurisdictions.

Billionaire Elon Musk, who will help lead Trump's Department of Government Efficiency, addressed a crowd at the the America First Policy Institute gala at Mar-a-Lago.

The Department of Government Efficiency (DOGE), which President-elect Trump tapped Elon Musk and Vivek Ramaswamy to lead, announced that it will be hiring via its X account.

Trump's reelection is a huge opportunity for CEOs who want to thrive in the new administration. To do that, executives need to learn about the right and ignore leftist pressure groups.

The winner of the presidential election and majorities in Congress will face several looming fiscal deadlines for the national debt, spending levels and expiring tax cuts in 2025.

John Paulson, Paulson & Co. co-founder and president, pledged to work with Elon Musk to cut government spending, laying out ways cuts could be made easily.

The U.S. economy grew at a 2.8% annual rate in the third quarter, according to Commerce Department data released Wednesday. That pace is slightly slower than what economists forecasted.

A new analysis by the Committee for a Responsible Federal Budget (CRFB) found that former President Trump's and Vice President Harris' economic plans would add trillions to the debt.

The federal budget deficit exceeded an estimated $1.8 trillion in fiscal year 2024, the CBO reported. Budget watchdogs are warning that the U.S. needs to act to rein in budget deficits.

A new report ranks America's governors according to their fiscal policies. The top five are all Republicans, and Iowa Gov. Kim Reynolds ranks No. 1 for the second straight time.

The Small Business Administration has run out of money for its disaster assistance loans, delaying critical relief for people applying for aid in the wake of Hurricanes Helene and Milton.

The federal government is on pace to run a $1.9 trillion budget deficit in FY2024, which would rank as the third-largest after even larger deficits were incurred in recent years.

Billionaire David Rubenstein warned that the surging costs of servicing the national debt now exceeding defense spending are a sign "the country is in trouble."

Surging federal spending on health care programs like Medicare and Medicaid, as well as ObamaCare, prompted Paragon's plan to curb spending by an estimated $2.1 trillion over 10 years.

Former President Trump said that billionaire entrepreneur Elon Musk has agreed to lead a government efficiency commission in a future Trump administration if he wins the election.

Vice President Harris was pressed on her plans to finance her economic agenda and said the "return on investment" would "pay for itself" by strengthening communities and the economy.

Government spending and immigration reform need to be addressed in the first year for whoever wins the White House in November, as both are key to the stability of the U.S. economy.