Biden Administration Kicks Off Fiscal 2025 With Yet Another Big Budget Deficit
The federal government ran a $257.45 billion budget shortfall to start the new fiscal year, with revenue down and spending up ...
Trump's victory and a $3.1 billion budget deficit weigh on Statehouse Democrats
Illinois House Speaker Chris Welch hired a new appropriations staff director and plans on making operational changes in 2025.
US deficit starts new fiscal year 286.8% higher
The United States began the new fiscal year with a $257 billion budget deficit, a drastic increase from the prior year's start.
Will Elon Musk be able to cut $2 trillion from US government spending?
The boss of Tesla and the social media site X, Elon Musk, suggested last month at Donald Trump’s rally in New York City that ...
Maryland lawmakers face new $2.7 billion budget deficit, ‘worst situation we’ve seen in the last 20 years’
BALTIMORE — Maryland lawmakers were warned Tuesday of an impending $2.7 billion deficit they’ll need to resolve for the next ...
Editorial: Why are interest rates rising while the Federal Reserve is cutting? Trump deficit worries could be at work.
Bond investors have sent Treasury yields significantly higher in recent weeks even as the Federal Reserve has cut interest ...
Illinois lawmakers return to Springfield as projected budget deficit looms
SPRINGFIELD — Illinois lawmakers returned to Springfield Tuesday for the first time since May following news earlier this ...
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Analysts warn lawmakers of growing budget gap in Maryland
Maryland is facing a $2.7 billion budget deficit, and experts said the historic gap can't be fixed by shuffling money around.
Economic change Americans voted for may not be what they get
Many economists warn that Trump’s plans are likely to worsen the inflation he’s vowed to eradicate, drive up the federal debt ...