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US budget deficit for current year hits record $2.1 trillion

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WASHINGTON — The U.S. budget deficit hit a record $2.06 trillion through the first eight months of this budget year as coronavirus relief programs...

Biden says jobs report bolsters case for government spending

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President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going...

Biden says jobs report bolsters case for government spending

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President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going...

Biden, GOP senator talk as time drags on infrastructure deal

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WASHINGTON — For nearly an hour, President Joe Biden and the top Senate Republican negotiating infrastructure met behind closed doors — two seasoned legislators...

Biden budget highlights: Lots of spending, taxing the rich

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WASHINGTON — President Joe Biden's $6 trillion budget proposal offers major new initiatives like child and elder care subsidies, generous tax credits for families...

Biden budget highlights: Lots of spending, taxing the rich

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WASHINGTON — President Joe Biden's $6 trillion budget proposal offers major new initiatives like child and elder care subsidies, generous tax credits for families...

Social spending, business tax hike drive $6T Biden budget

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WASHINGTON — President Joe Biden's $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of...

Defense chief: US pullout from Afghanistan “slightly” ahead

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WASHINGTON — Defense Secretary Lloyd Austin told Congress on Thursday that America's troop withdrawal from Afghanistan is “slightly” ahead of schedule, but he provided...

GOP senators ready $1T infrastructure counteroffer to Biden

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WASHINGTON — Senate Republicans revived negotiations over President Joe Biden’s sweeping investment plan, preparing a $1 trillion infrastructure proposal that would be funded with...

Navy says it’s charting a new course after rash of problems

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BATH, Maine — The Navy’s speedy littoral combat ships had propulsion failures. The gun on its stealthy destroyer is a dud because of expensive...