A 2026 budget proposal that retains the National Eye Institute as a stand-alone entity at NIH is advancing through Congress ...

The Congressional Budget Office has released new economic projections, expecting the Federal Reserve to cut short-term rates in 2026. The federal funds rate is projected to settle at 3.4% by the ...

Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is quite dramatic. In 2019, the deficit was $1.02T. In 2025, it was $1.66T.

The Trump administration last May proposed to shrink federal K-12 investments by roughly $7 billion and eliminate or ...

Gov. JB Pritzker’s administration on Thursday announced it has identified nearly $500 million it will keep in budget reserves ...

With pandemic-era aid gone and long-term structural challenges looming, 2026 budget debates will test lawmakers’ ability to balance short-term gaps and future risk.

While many areas of the country held elections Tuesday, Congress continued to shirk its main job: passing a budget for fiscal year 2026, which began on Oct. 1. Tuesday marked the 35th impasse day.

The federal budget gap narrowed more sharply than forecasters anticipated in November, offering a rare piece of good news in a fiscal landscape still dominated by red ink. The monthly shortfall came ...