President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs to promise a balanced budget in 15 years — all while boosting the military and leaving Social Security and Medicare benefits untouched.

If you think bringing a new human into the world is daunting, wait until you see what he or she will do to your budget. It will cost a middle-income married couple an average of $233,610 to raise a child from birth through age 17, according to 2015 data from the U.S. Department of Agriculture. In fact, your child is costing...

Maryland Gov. Larry Hogan is highlighting funds to fight crime, improve education and protect the environment in his budget plan.

President Donald Trump has signed off on nearly $1.4 trillion in spending that will keep the government funded through Sept. 30. The spending measures add roughly $400 billion to the deficit over the next decade. They include money for the president’s U.S.-Mexico border fence, pay raises for military and civilian federal workers, and funding for election security grants.

The federal deficit for the 2019 budget year surged to $984.4 billion, its highest point in seven years, and is widely expected to top the $1 trillion mark in coming years. The 26% surge from the 2018 deficit of $779 billion that the government reported Friday reflected such factors as revenue lost from the 2017 Trump tax cut and a...

A Trump administration official said Monday that federal income tax refunds would indeed go out despite a large part of the government being shut down. Russell T. Vought, acting director of the White House Office of Management and Budget, told reporters about the development in a briefing. “Tax refunds will go out,” Vought said.

Taking aim at the sprawling federal bureaucracy, President Donald Trump’s administration released a detailed proposal Thursday to reorganize a number of federal agencies and merge the Education and Labor departments. The latest in a long string of attempts to rein in the government, the plan met with instant skepticism and faced long odds in Congress.

Proposed 2019 budget includes increases in military spending, but sharp cuts to social programs.

A possible government shutdown looms as time runs out for congressional approval of a $1 trillion-plus spending bill. A push to set aside money to pay for President Donald Trump’s proposed wall between the United States and Mexico is a sticking point.

President Donald Trump released his first budget proposal on Thursday. Here are some of the biggest budget cuts and increases that he’d wants made in the federal government.