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Trump Proposes $163 Billion in Cuts Across Government in New Budget
President Trump on Friday proposed slashing $163 billion in federal spending next fiscal year, a drastic retrenchment in the role and…
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Federal Budget (US)
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Here’s the latest.
The Trump administration, which has made clear that it aims to slash government spending, is preparing to unveil a budget proposal as soon…
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Federal Watchdog Reveals Dozens of Inquiries Into Trump’s Withholding of Funds
An independent federal watchdog has opened more than three dozen investigations into the Trump administration to determine if it has…
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Trump Budget to Take Ax to ‘Radical’ Safety Net Programs
The Trump administration, which has made clear that it aims to slash government spending, is preparing to unveil a budget proposal as soon…
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Markets and Corporate America Are Unfazed by Washington Chaos, for Now
Even by Washington standards, the second Trump presidency has begun in frenetic fashion: mass firings at federal agencies, tariff threats…
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Republicans Love Trump’s Spending Cuts. Just Not in Their States.
Republicans in Congress have responded to President Trump’s unilateral moves to freeze federal spending, dismantle programs and fire civil…
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Elon Musk in the Oval Office
We’ve got some more thoughts on Elon Musk’s $97 billion hostile bid for Sam Altman’s OpenAI, which, we’re told, still hasn’t been…
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Senate Confirms Russell Vought as Office of Management and Budget Director
The Senate voted along party lines on Thursday to confirm Russell T. Vought to lead the Office of Management and Budget, putting in place…
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What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained
While he was campaigning last fall, President Trump bemoaned the lack of a U.S.-backed investment fund and promised to create one. “Other…
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Warren Questions Bessent Over Musk Access to Treasury Payment System
Senator Elizabeth Warren of Massachusetts sent a letter on Monday to Treasury Secretary Scott Bessent demanding answers for why the…
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An Unconventional Plan for Fixing the Federal Budget
I spoke to Marc Rowan, the C.E.O. of Apollo Global Management, about a provocative plan he believes could fundamentally reshape our…
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Federal Debt Is Now Worrying Even Progressives
The 119th Congress began, as it so often has in recent years, with calls from Republican politicians for wrestling down the national debt,…
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Senate Confirms Scott Bessent as Treasury Secretary
The Senate on Monday voted 68 to 29 to confirm Scott Bessent to be President Trump’s Treasury secretary, putting in place the new…
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Musk Plan for Retooling Government Takes Shape, but Big Questions Loom
The initial plan for retooling the federal government under President Trump started with three loyal billionaires: the banker Howard…