U.S. federal budgeting has two major categories of spending. The one subject to the most scrutiny is “discretionary” spending, which is the basis of the annual appropriations process. This includes ...
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of p ...
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Musk Wants $2 Trillion of Spending Cuts. Here’s Why That’s Hard.The U.S. federal ... Combined, mandatory spending and interest payments amount to about three-quarters of what the federal government spent. What remains is discretionary spending, which Congress ...
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As Trump aims to slash federal spending, Wells Fargo economists see no major cuts in 2025Wells Fargo Economics broadly broke down the figure to ~$4.1T in mandatory, or entitlement, spending, and $1.8T in discretionary ... government on a fiscally sustainable path,” Bryson said. The ...
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