As part of Trump’s tax-and-spend bill, Republicans extended the debt limit by $5 trillion, leaving some wondering if the policy of setting any limit is outdated.

The US government saw its budget deficit widen from the prior year in the October to June period as spending rose, but customs duties surged to a record after President Donald Trump's wide-ranging ...

America just booked a $27 billion budget surplus in June, a rare sight not seen since 2017, according to the Treasury Department’s Friday report. After bleeding $316 billion in red ink the month ...

The U.S. federal government earned $27.0B more than it spent in June, compared with the -$41.5B deficit expected and the ...

Factoring in tariffs, the lowest 20 percent of income earners may lose $300; the top 1 percent will be $58,000 richer.

Rep. Brad Finstad dismisses fears that the bill will add trillions in red ink as false Democratic talking points.

More than 1,450 staff were laid off Friday, but district officials say many will be rehired. However, a Chalkbeat analysis of ...

Republican legislation criticized by media will slash deficits through economic growth, tariff revenue and deportation while ...

HARRISBURG — A popular, bipartisan program that has committed millions of dollars to help Pennsylvania schools lower energy ...

I’m not sure if you saw it, but earlier this week, Sen. John Kennedy put up an op-ed at the New York Post outlining the Senate’s failure, so far, to pass the easiest bill they’ll ever vote on... The ...

WJAC provides news, weather and sports information for Johnstown, Altoona, State College and DuBois, Pennsylvania. Our ...

With the budget overdue and facing significant deficits, one GOP leader says he’s willing to consider changes.