US budget deficit to keep growing amid Trump tax cuts, tariffs, CBO forecasts show

By David Lawder and Richard Cowan WASHINGTON, Feb 11 (Reuters) - The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, ...
The Financial Express

Budget 2026: What is fiscal deficit? Meaning, impact and why it matters to Union Budget

Fiscal deficits often rise when the government increases spending to support the economy, especially during slowdowns or ...

Watchdog projects Pa. will end fiscal year with $3.9B budget deficit, but reserves will grow

Pennsylvania’s Independent Fiscal Office projects the state will end this fiscal year with a $3.9 billion budget deficit, but still grow its largest reserve fund to a record $7.8 billion, according to ...

Illinois budget faces uncertainty as federal funding cuts loom

Gov. JB Pritzker faces a challenging budget address amid federal funding cuts and economic uncertainty, with a projected $2.2 ...

Here’s how Newsom’s spending binge outstripped revenues, creating California’s chronic deficit

In the seven budgets Newsom has signed, beginning with 2019-20, and the eighth one he has proposed, revenues have increased by 60%, mostly from taxes that tapped into a 48% increase in Californians’ ...
Daily Hampshire Gazette

Belchertown budget outlook goes from fiscal cliff to firmer ground

The deficit for Belchertown’s preliminary level-service budget for fiscal year 2027 is less than $500,000, a major improvement from last year’s multimillion dollar fiscal cliff. On Monday night, the ...