Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

A budget watchdog has sounded the alarm, warning that this would not be sustainable.

President Donald Trump’s proposed federal budget for 2026 slashes funds for the National Institutes of Health (NIH) by $17.97 billion. The 2026 blueprint was shared Friday (PDF) and allows the NIH to ...

Veterans Affairs Secretary Doug Collins testifies during a House Committee on Appropriations budget hearing on Capitol Hill on May 15. (Yuri Gripas/AP) Congress will head into its Memorial Day recess ...

I’m a finance professor at UCLA, so let’s talk finance. Which numbers are more meaningful to you? Having $50 to $100 cash in your pocket (rough average for an American) or knowing the total U.S.

A proposed $18-billion cut to the NIH’s 2026 federal budget has frozen or terminated thousands of grants, sparking widespread alarm among researchers. Scientists warn the cuts could lead to a major ...

Coming up with a final federal budget always involves arm twisting and other negotiating tactics as everyone lobbies for their priorities, so the initial budget proposal released by the White House in ...

Suzanne Rowan Kelleher covers travel for Forbes. Roughly 1,500 National Park Service staffers are expected to be fired as Elon Musk's Department of Government Efficiency reportedly plans to slash $26 ...