Despite Donald Trump's announcement of his plans to introduce a Department of Government Efficiency, the proportion of money the U.S. government spends appears to be similar to that of other developed ...

There's a chance the Department of Government Efficiency's plans could lead to the deepest cuts to the federal government in ...

The Federal Government ran a $1.8T budget deficit for the fiscal year, with a $560B deficit in the last quarter alone.

President-elect Donald Trump and Elon Musk have big ambitions for making the federal government leaner and more efficient by ...

Chart #3 Chart #3 shows federal spending and revenues as a percent of ... on federal debt now add up to more than $1 trillion per year (3.8% of GDP currently) and are rising (see Chart #4).

While spending and regulation comprise ... with information on their W-2 about federal revenues, outlays, and deficit in the latest available tax year, the total gross debt, and the estimated ...

While the cost of Biden’s bailout will fade in future years, the other drivers of federal spending growth will not. Social Security and Medicare spending continue to grow faster than the overall ...