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federal budget
The U.S. Treasury ran a surplus in April, as tax payments jumped by 22% from a year ago. The federal government is still on track to run a deficit of more than $1.5 trillion this year. Al Drago/Getty Images hide caption
House Speaker Mike Johnson speaks during a news conference with Majority Leader Steve Scalise and Majority Whip Tom Emmer following a closed-door caucus meeting on March 20. Congressional leaders announced they reached a deal on a FY2024 spending package. Chip Somodevilla/Getty Images hide caption
WASHINGTON, DC - JANUARY 25: Sen. Rick Scott (R-FL) listens during a news conference at the U.S. Capitol Building on January 25, 2023 in Washington, DC. Senate Republicans held the news conference to discuss the ongoing negotiations between the House, Senate and White House over the national debt ceiling. (Photo by Anna Moneymaker/Getty Images) Anna Moneymaker/Getty Images hide caption
The government shortfall for the fiscal year that just ended is far greater than was seen during the height of the Great Recession. The national debt now exceeds the size of the U.S. economy. Patrick Semansky/AP hide caption
The economic rescue package just passed by Congress will push this year's budget deficit above $3 trillion. Olivier Douliery/AFP via Getty Images hide caption
The U.S. Was Already Deep In Debt. This Year's Deficit Will Be 'Mind-Boggling'
The spending bill to fund the government for the next fiscal year is expected to pass by Friday. Win McNamee/Getty Images hide caption
Some Big Health Care Policy Changes Are Hiding In The Federal Spending Package
Rep. Alexandria Ocasio-Cortez speaks about the Green New Deal in Washington, D.C., on May 13. She has shined a spotlight on a once-obscure brand of economics known as "modern monetary theory." Cliff Owen/AP hide caption
This Economic Theory Could Be Used To Pay For The Green New Deal
The House Budget Committee displays copies of President Trump's new budget proposal on Capitol Hill on Monday morning. Presidential budget proposals are typically political documents, with Congress taking the lead to set federal spending levels. Mandel Ngan/AFP/Getty Images hide caption
President Trump holds a picture labeled "typical standard wall design" as he hosts a roundtable discussion on border security in the Cabinet Room of the White House on Friday. Alex Wong/Getty Images hide caption
Craig Byron, a biologist at Mercer University in Macon, Ga., opens a drawer of preserved mammal specimens he found when the department was packing up to move to a new building. Grant Blankenship/Georgia Public Broadcasting hide caption
Old Animal Specimens May Hold The Key To New Discoveries
President Trump's budget request includes provisions that could affect drug prices. Andrew Harrer/Bloomberg via Getty Images hide caption
President Trump is unveiling his 2019 fiscal year budget proposal on Monday. Saul Loeb/AFP/Getty Images hide caption
Trump Offers Spending Blueprint, But Congress Already Wrote The Check
The Secret Service has added about 800 agents and officers in the past year in an effort to cut overtime costs. Andrew Harnik/AP hide caption
White House Budget Director Mick Mulvaney speaks to the reporters about President Trump's proposed budget on Tuesday. Andrew Harnik/AP hide caption
Budget Director Mick Mulvaney holds up a copy of President Trump's proposed fiscal 2018 federal budget at the White House on Tuesday. Andrew Harnik/AP hide caption
White House Budget Director Mick Mulvaney (second from right) holds a copy of the president's 2018 budget at the Government Publishing Office's plant in Washington, D.C. Mulvaney describes the plan as "taxpayer first." Carolyn Kaster/AP hide caption
White House Proposes Deep Cuts To Safety Nets With 'Taxpayer First' Budget Plan
White House press secretary Sean Spicer holds up a check during the daily briefing at the White House on Monday with Interior Secretary Ryan Zinke, left, and Harpers Ferry park superintendent Tyrone Brandyburg. Susan Walsh/AP hide caption
A new water tank in Strong City, Kan., (at right) sits next to one that was part of an old leaky system on a hill just outside the city limits. Frank Morris/KCUR hide caption
Rural Trump Voters Embrace The Sacrifices That Come With Support
NASA's Orbiting Carbon Observatory-2 monitors how the climate is changing. Trump's budget would eliminate some satellites, including OCO-3, a next-generation carbon-monitoring spacecraft. NASA hide caption
President Trump released his budget blueprint on Thursday, calling for a boost in military spending and deep cuts in the Environmental Protection Agency and other programs. Win McNamee/Getty Images hide caption
Trump Unveils 'Hard Power' Budget That Boosts Military Spending
President Trump will propose a budget that he says "puts America first," with increased military spending and cuts to domestic programs. Evan Vucci/AP hide caption
Attendees wear t-shirts in support of presidential candidates committing to Social Security for all generations during a town hall meeting in Cedar Rapids, Iowa, on Jan. 29. Andrew Harrer/Bloomberg via Getty Images hide caption