In a series of deals over the past three months, lawmakers rejected some of the president’s most aggressive attempts to ...

Obscure charts show how California's spending exploded under Newsom, far outstripping its stagnant population growth, inflation and a hefty increase in revenues.

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

CBO projects that the shortfall will deepen in 2026 to $1.853 trillion, slightly more than 2025’s $1.775 trillion deficit. Looking further down the road offers a similarly concerning trajectory. Over ...

Trump’s economic blueprint is colliding with slowing oil output growth and widening federal deficits that threaten to derail ...

The U.S. national debt is set to break a World War II record by 2030, reaching 108% of GDP as the Congressional Budget Office warns of mounting fiscal challenges ahead.

WASHINGTON >> The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump’s ...

We’re not in the intensive-care unit, but we are moving towards that,” says Armínio Fraga, a former boss of Brazil’s central ...

Explore how deficit spending units operate, their effects on economies, and why they matter for households, businesses, and ...

India’s finance minister unveiled a relatively cautious budget on Sunday, focusing on economic stability in the face of rising global risks. Finance Minister Nirmala Sitharaman boosted spending on ...

This week, Mayor Zohran Mamdani told New Yorkers the city is facing a staggering $12 billion budget deficit, a shortfall he says he inherited from former Mayor Eric Adams. The news has sparked sharp ...

Pueblo County faces a $10.2 million budget shortfall for the 2025-2026 fiscal year. County commissioners are considering employee furloughs and unpaid holidays to address the deficit. A union ...