Debt ceiling talks could hinge on budget cuts. Here's where the U.S. spends its money.
A key element of the debt ceiling negotiations in Washington, D.C., are demands from Republican lawmakers that the nation chop federal spending, including outlays that ballooned during the pandemic.
The push for cuts comes as the U.S. has spent more each year than it receives in taxes and other revenue since 2001, when President Bill Clinton left the White House. During the pandemic, spending and deficits surged, thanks to a double-whammy of President Donald Trump's 2017 tax cuts as well as spending on emergency measures like stimulus checks and unemployment aid.
Government spending spiked to a high of $7.2 trillion annually in fiscal-year 2021, the year that Trump left the White House, or about 78% higher than the nation's spending just four years earlier, according to data from the University of California, Santa Barbara. Since then, federal outlays have dropped, but the nation is still spending trillions more annually than it did prior to the pandemic.
A small plane crashed in western New York on Tuesday afternoon, killing two people, officials said.
People in New York City and across the northeastern United States woke up Tuesday morning to an unusual sight. Depending on the time, early risers reported witnessing either the moon or the sun bearing a reddish glow. It was not the first time in recent weeks that both the sun and the moon have turned red in skies over various parts of the Northeast and the Pacific Northwest, as wildfires burning in eastern and western Canada continue to send smoke down the border.
An Iowa teenager who stabbed his father to death and used an ax to kill his mother in 2021 will spend the next few decades in prison before he's eligible for parole. Ethan Orton received a life sentence Monday with a chance of parole in 50 years.
Florida Gov. Ron DeSantis released a statement Tuesday touting his state's record in assisting Texas immigration authorities, including with more than 190 arrests, a day after Texas law enforcement officials recommended criminal charges over migrant flights arranged by the governor.
The youngest cohort of adults in the U.S. has a clear preference when it comes to where they'd like to own a home.
Drugmaker Merck is suing the U.S. government over its plan to allow Medicare to negotiate prices for a handful of drugs, calling it "extortion."
The statistics on Americans' lack of retirement readiness can be startling, with almost 1 in 3 older workers approaching retirement without a dime socked away. Now, one company is dangling a carrot it hopes will get more people saving: up to $250 in cash if they put money into a 401(k).
Washington — Secretary of State Antony Blinken is expected to travel to China for high-level talks in the coming weeks, in what would be his first trip to the country since tensions flared between Washington and Beijing earlier this year.
For the first time in its more than 40-year history, the Human Rights Campaign on Tuesday declared a "state of emergency" for LGBTQ+ Americans, issuing a guidebook alongside the national warning to help ensure safety for both LGBTQ+ residents and travelers alike. The news comes as LGBTQ+ Americans across the country begin to celebrate Pride Month.
Astrud Gilberto, the Brazilian singer best known for her smooth performance of "The Girl from Ipanema," has died at age 83.
The Guinness World Record for longest tongue on a living dog has a new title holder: Zoey the Labrador and German Shepherd mix, whose slobbery appendage measures a whopping 5 inches. For reference, the standard U.S. soda can is 4.83 inches long.