Discover key arguments for and against a balanced federal budget, exploring potential impacts on national debt, taxpayers, and future economic stability.

Congress may lock in federal spending that fails to keep up with economic and population growth for the second year in a row, potentially leading to historically low levels. Disagreements over the ...

The drivers of the improvement are largely outside the government’s control. Meanwhile, total debt is projected to exceed $1 ...

Learn how fiscal policies like government spending and tax changes impact budget deficits. Understand their influence on economic stability and growth.

Despite a change in presidential administrations and a host of new initiatives under President Donald Trump, including the cost-cutting Department of Government Efficiency, the federal government ...

A little more than half a century ago, Congress forced a politically wounded President Richard Nixon to accept the loss of a traditional presidential power to restrain spending. Taxpayers have been ...

ALBANY, N.Y. (NEWS10)—SNAP is the federal program, previously known as food stamps, that helps low-income families with food. Grace Bonilla, President and CEO of United Way of New York City, said ...

Americans saw their cost of living spike while the Biden administration indulged in profligate spending and ran up massive budget deficits, but that’s finally starting to change. The latest data from ...

ALBANY, N.Y. (NEXSTAR) — In the 2023 federal fiscal year, New York made back $1.04 in federal spending for every dollar it paid in federal taxes, a positive balance. During the prior fiscal year, the ...

Your money in the new year. WRAL’s 5 On Your Side breaks down the good and bad of the new interest rate cut, and how it could ...