Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...

Using graphics to illustrate the scope of U.S. foreign aid spending and analyzing how the Trump administration’s sweeping ...

As Elon Musk has led an effort to slash government spending, his own companies have, over the last few years, received billions of dollars in government contracts.

President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...

University officials argued in court filings that the effects of the policy change “will be immediate and devastating." ...

The University of Pennsylvania stands to lose $250 million in federal funding under a directive from President Donald Trump’s administration that caps National Institutes of Health spending on the ...

The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change.

President Trump is pledging to dismantle the U.S. Department of Education, which provided $250 million to Maine schools this ...

President Donald Trump says he has ordered the U.S. Mint to stop making pennies, which he correctly says cost more than one ...

The U.S. budget deficit continues to widen, as outlays rise faster than receipts, the Congressional Budget Office said Monday. For the first four months of the fiscal year, the deficit was $838 ...

Discover the impact of high debts and interest rates on the global financial system, driving up gold prices and potential ...