National debt interest and entitlement spending push FY2026 federal budget deficit toward $2 trillion

Federal spending on national debt interest, Social Security, Medicare and Medicaid drives the budget deficit $35 billion higher than last year.
Yahoo Finance

Deficit Nears $1.4 Trillion in Fiscal Year 2026

The federal budget deficit totaled $1.37 trillion in the first nine months of the current fiscal year, according to the latest monthly budget review from the Congressional Budget Office. The deficit ...
Forbes

Education Spending In The Crosshairs Of Federal Budget Reconciliation

Federal education policymakers find themselves at a critical intersection of budget policy and human investment as they consider budget reconciliation legislation. Updated, March 4, 2025: This post ...

Federal budget deficit hits $1.4 trillion as Treasury refunds $49 billion tariff revenue

CNBC's Megan Cassella reports on the federal budget deficit and tariff refunds.
CNN

Attention DOGE: Here’s how the federal government spends Americans’ tax dollars

As the co-heads of the newly created Department of Government Efficiency, or DOGE, billionaires Elon Musk and Vivek Ramaswamy are promising to slash at least $2 trillion from the federal budget. But ...
Hosted on MSN

What the federal budget says about America

The federal budget is on an unsustainable path. Annual deficits are close to $2 trillion, and the federal debt will reach 120% of GDP by 2036. These top-line numbers should make you worried, but even ...
The Conversation

Federal budget 2025: here’s what we know so far

The federal budget will be handed down by Treasurer Jim Chalmers at 7:30PM AEDT on Tuesday March 25. While the official budget papers are under lock and key until then, the government has been making ...
Politifact

Did Trump cut the federal budget in 2025? Spending rose, but deficit eased

In 2023, when he was campaigning to win back the White House, President Donald Trump said he would reduce the federal budget. “Instead of growing the size and scope of the federal government … we will ...
Los Angeles Times

No one can grasp trillions. Here’s how to make sense of federal spending and debt

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.
Forbes

On Spending Cuts, The DOGE Math To Lower Deficits Doesn’t Add Up

Elon Musk listens as US President Donald Trump speaks in the Oval Office of the White House in Washington, DC, on February 11, 2025. Tech billionaire Elon Musk, who has been tapped by President Donald ...
The New York Times

What Does a Shutdown Have to Do With the Budget or Elon Musk? Here’s a Guide.

A short-term spending bill, a 10-year budget plan and Musk’s cost-cutting team are all progressing at once. By Margot Sanger-Katz and Alicia Parlapiano Reporting from Washington Republicans in ...