Another challenge is that fraud is not easy to root out entirely. Historically, "only a small percentage of tax dollars lost to fraud are ever actually recovered by the government," said Bob ...

The Republican Study Committee (RSC) released a comprehensive blueprint to execute Trump's agenda while balancing the federal ...

This figure, while still denoting a deficit, is a slight improvement compared to the previous month’s deficit of -$173.0B.

WASHINGTON, D.C. — Sens. Jon Husted of Ohio and Cynthia Lummis of Wyoming introduced the Principles-Based Balanced Budget Amendment (PBBA), a constitutional amendment to balance the federal budget.

On Aug. 5, 1997, President Bill Clinton and the Republican-controlled Congress, led by House Speaker Newt Gingrich, enacted the Balanced Budget Act. This bipartisan agreement aimed to balance the ...

Some lawmakers want to adopt a new amendment to force Congress to come up with balanced budgets to keep the country’s ballooning deficit from continuing to spiral out of control and risk a debt crisis ...

Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...

A bipartisan commitment to responsible budgeting was once a fundamental part of American governance. Congress borrowed for exceptional situations and reduced the debt burden otherwise. Since the Great ...