A three-month budget will go into effect in July amid the possibility of a potential endowment tax increase that could cost ...

The federal government's budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data. The Treasury Department's latest monthly ...

America’s eight Ivy League schools received approximately $6.4 billion in federal funding in fiscal year 2024, according to publicly available information. The funds that universities receive ...

Under President Donald Trump, budget chief Russell Vought has sought to assert more unilateral control over government spending than the White House usually has.

New executive orders and administrative actions between now and September 30 could have vast effects on local planning and budget processes before the next federal fiscal year begins. The Fiscal Year ...

One of every four dollars in federal spending in fiscal year 2024 was used to pay for health programs and services. The next-largest categories are Social Security (21%), national defense (13% ...

Today’s U.S. fiscal policies are tied to each year’s federal budget. The federal budget spells out the government’s spending plans for the fiscal year and how it plans to pay for that ...