Government Spending

U.S. Budget Deficit Hits $193.5 Billion

The U.S. government is running a deficit that is 23.6 percent lower than in the same period a year ago through the first five months of this budget year.

2014 Stock Market Outlook: More Gains

2014 is forecast to be another year of gains for stocks markets, supported by stronger economic and corporate underpinnings and improving sentiment among investors.

Countries Spending the Most on the Military

The U.S. has a military budget four times larger than China even with a recent decline of more than $40 billion. Find out which countries spend the most on their military.

Could Slowing Health Care Costs Save Medicare?

The rise in health care costs has significantly outpaced both inflation and economic growth for decades, leading to increasingly dire projections about Medicare's long-term solvency in recent years. Yet some promising trends suggest the government program may get a new lease on life.

Government Downsizes Amid GOP Demands for More Cuts

Republicans and other fiscal conservatives keep insisting on more federal austerity and a smaller government. Without much fanfare or acknowledgement, they've already gotten much of both. Another round of huge cuts, known as the "sequester," will hit beginning March 1.

Debt Crisis Looms as Congress Digs in Its Heels

Legislators show no signs they're heading toward compromise in resolving the nation's next financial crisis, with Democrats talking about further taxes hikes on the rich, and Republicans saying a crippling default on U.S. debt is possible unless they get significant cuts in government spending.

5 Ways the Election Results May Affect Your Retirement

Whether Barack Obama or Mitt Romney wins this election, it's going to impact a host of things beyond those the political ads have been focusing on -- among them, your retirement. Here are the five biggest the next president could make your golden years more -- or less -- secure.