Newsom has steadily opposed major tax increases, but an ongoing, multiyear deficit and growing frustration among legislators has created a gulf between the governor and his allies on how to fix the ...

In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit - the gap between government revenue vs. spending - will be $1.9 trillion for the 2024 fiscal year. The ...

Explore how the crowding-out and multiplier effects impact government stimulus spending. Learn which theory better stimulates economic growth during downturns.

A second Lake County school district has found itself in a multi-million dollar budget crisis this year, with Wauconda Community Unit School District 118 attempting to cover a $4.2 million deficit ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

Christian Olaniran is a digital producer for CBS Baltimore, where he writes stories on diverse topics including politics, arts and culture. With a passion for storytelling and content creation, he ...

JCPS proposes $142M in cuts to address massive budget shortfall ...

Equity likes steady growth and predictable rules, whereas debt likes fiscal discipline and controlled borrowing ...

Idaho’s projected state budget deficit for the current fiscal year 2026 has increased to $58.3 million, according to the state’s latest revenue forecasts and budget documents released this week. The ...

The US trade deficit shrank in August as a slew of global tariff rates from President Donald Trump kicked in, official data showed Wednesday after a lengthy delay due to a government shutdown. The ...

Finance Minister Nirmala Sitharaman will present the budget on February 1st. The country is gradually becoming engrossed in ...