The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]

The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]

Federal agencies are now trying to figure out how to spend billions of dollars in the next six months. President Donald Trump signed the $1.3 trillion spending bill Congress sent him last week, unleashing funding for fiscal year 2018, which is already half over. It’s a use-it-or-lose it situation for federal agencies. Click the audio player […]

President Donald Trump plans to visit California this week. He’s expected to stop in San Diego to take a look at prototypes for a border wall with Mexico. But the big question still looms: How much will it cost, and will Congress fund it? Click the audio player above to hear the full story.