Key Takeaways President Donald Trump disputed the Congressional Budget Office's 1.8% estimate for annual economic growth over ...

while revenues as a percent of GDP were close to their historic average (see chart) The main concern is that the federal budget deficit has swelled. It exceeded 6% of GDP in 2024, roughly twice ...

Relief following the tariff war de-escalation looks set to be quickly replaced by government budget tensions. Alarms are ringing loudly as the U.S. hits an historic debt metric even as the ...

The University of Pennsylvania’s Penn Wharton Budget Model makes that easy to do, cleaning up and analyzing raw data the ...

It’s also the ALL-CAPS amount of money President Trump wants to spend on defense—amid the frenzied downsizing of the rest of the federal ... spending to modernize its fleet. The chart below ...

Elon Musk and Vivek Ramaswamy said this week that they plan to target billions of dollars in “unauthorized” federal spending as part ... As the chart below shows, veterans’ healthcare ...

We explore what federal government spends its money on. By German Lopez and Ashley Wu Discussions about federal spending are difficult ... as a share of G.D.P. A chart shows federal debt as ...

Elon Musk and the Department of Government Efficiency are picking apart federal spending, trying to find areas of waste. Here’s a look at where all the money goes. The charts below are based on ...

Several conservative lawmakers say House Speaker Kevin McCarthy has promised a House vote on a balanced federal ... balancing the budget in 10 years without raising taxes. Chart showing that ...