The U.S. government's spending dramatically increased between 2019 and 2020, and over the course of the subsequent three years, it gradually decreased, fiscal data from the U.S. Treasury shows.

The national debt already exceeds $36 trillion and is growing at historic rates. That has cascading consequences for the government and economy.

The charts below are based on information from the Congressional Budget Office, which does nonpartisan analysis for Congress. The totals are based on fiscal year 2023.

Interest payments, Social Security and health care have driven most of the increase since February 2020, and there’s no will ...

Over the past decades, the U.S. has run a budget deficit, meaning that it spends more than it receives in revenue. The federal budget is often politicized by both sides of the Congressional aisle ...

Data: Committee for a Responsible Federal Budget; Chart: Axios Visuals Both presidential candidates' agendas would add trillions to already-enormous U.S. fiscal deficits over the next decade ...

During the Cold War, from the late 1940s until the Soviet Union's dissolution in 1991, U.S. defense spending ranged from 4.9 percent of GDP to a high of 16.9 percent in 1952 during the Korean War.

Federal Reserve Chair Jerome Powell said the U.S. is on an unsustainable fiscal path and called for course correction after the national debt surpassed $36 trillion.

President-elect Donald Trump has floated establishing a “Department of Government Efficiency” to make steep cuts to the U.S. federal budget and appointing allies billionaire Elon Musk and ...

The total U.S. federal budget is $6.1 trillion, and in fiscal year 2022, the U.S. sent $70.4 billion in foreign aid. That is 1% of the total budget.

The total U.S. federal budget is $6.1 trillion, and in fiscal year 2022, the U.S. sent $70.4 billion in foreign aid. That is 1% of the total budget.