The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday.

As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.

President-elect Donald Trump will take the oath of office from inside the Capitol Rotunda Monday due to forecasts of intense cold weather.

He stressed he would follow the law, even as he emphasized Trump’s desire to overturn the 1974 Impoundment Control Act that requires congressional approval to rescind spending.

President-elect Donald Trump has vowed across-the-board tariffs on a scale that hasn't happened in the U.S. in more than 50 years. The Congressional Budget Office recently estimated that such tariffs would shrink the budget deficit, but also reduce ...

Republicans' renewed probe into federal telework sets the stage for how President-elect Donald Trump may approach a possible return-to-office mandate for feds.

Lancaster County public schools could see cuts to nearly $55 million in federal funding if President-elect Donald Trump succeeds in his promise to eliminate the U.S. Department of Education.

George Will, an anti-Trump columnist for The Washington Post, wrote a scathing assessment of President Biden's actions as president as he prepares to leave office.

Every member of the delegation talks about resisting parts of Trump's agenda, but some say there's room for strategic compromise.

President-elect Donald Trump's pick for the top budget office, Russ Vought, will face senators on Wednesday for potential confirmation to a crucial post for Trump's goals to reshape and downsize the federal government.