America’s mountain of debt is casting a shadow over Washington’s financial capability to respond to the next emergency, whatever it might be.

As House Republicans continued their efforts to advance what President Donald Trump calls his "big, beautiful bill" of tax and spending cuts, White House Press Secretary Karoline Leavitt played down ...

One former Federal Reserve trader is concerned that this longtime tailwind could soon morph into a serious problem for ...

The tax and spending legislation as it currently stands delivers no deficit reduction and adds huge amounts of hassle for ...

As Gov. Gavin Newsom presented his plan to fill a $12 billion deficit Wednesday, a large screen next to him blared two words: ...

Gov. Gavin Newsom's budget plan walks back his promise to provide free healthcare to undocumented immigrants, caps overtime ...

During the budget meeting, the talk wasn't only about the mayor's proposal. New numbers from the finance director show the city could faces major deficits in the years to come. The most optimistic ...

Council Member Edward Pollard questioned what could be done to avoid chronic budget deficits. Dubowski responded that efficiency is the administration’s top priority. “What the mayor ...

MOSCOW (Reuters) -Russia ran a budget deficit of 3.2 trillion roubles ($39.59 billion), or 1.5% of gross domestic product, in the first four months of the year, the finance ministry said on ...

Berkeley Unified School District trustees had a meeting on Wednesday night discussing the district's nearly $8 million budget deficit. That means there will be some tough discussions and decisions.

The council relied on reserves to balance a sizeable deficit last year, but as inflation outpaces revenues, they might resort to new tax proposals this Yakima City Council may ask voters to raise ...

Interim Oakland Mayor Kevin Jenkins delivered a nearly $4.4 billion, two-year budget proposal to the City Council Monday, emphasizing the need to protect police and fire services while ...