Get the latest news as Congress moves to avert a government shutdown and extend funding into March, during President-elect ...

Some lawmakers want the United States to adopt a new amendment to force Congress to come up with balanced budgets to keep the ...

The House of Representatives narrowly approved a Republican bill that links avoiding a default with enacting spending cuts and several GOP policies rolling back several of President Biden's policies.

"It is a taste of things to come. The House is going to be ungovernable,” one senator said of this week's disarray over ...

The Congressional Budget Office (CBO) on Wednesday released data showing the federal government ran a $1.8 trillion budget deficit in fiscal year 2025 amid mounting interest costs on the nearly $38 ...

Countries have increasingly adopted fiscal rules and frameworks that aim to give clarity and predictability to government spending. But these rules have not been as effective in keeping deficits and ...