federal budget

For decades, both political parties have avoided responsibility for the spiraling national debt.

Interest on Capitol Hill is reviving in a proposal to shift Congress to a two-year budget cycle to minimize the possibility of costly government shutdowns.

Congressional Republicans brace for a storm of criticism by Democrats claiming maintaining services to needy is more important than cutting government spending.

Congress is embroiled in a budget impasse that seems likely to force a government shutdown but a bipartisan group of senators think they have a better way

The U.S. government recorded the first monthly budget surplus since April, but the federal deficit still on track for $2 trillion.

With both houses of Congress reconvening September 12, members of both chambers will be confronted with tough spending decisions and the prospect of a government shutdown.

Speaker of the House Kevin McCarthy’s (R-Calif.) trial balloon on introducing a temporary Continuing Resolution (CR) when Congress returns from the August recess to gain additional time to negotiate a new federal spending deal is running into a vocal wall of conservative opposition.