Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is quite dramatic. In 2019, the deficit was $1.02T. In 2025, it was $1.66T.

New Orleans adopts $1.6B budget that closes a $222M deficit. Plan combines $150M in cuts with $74.5M in new and reclaimed revenue. Public safety agencies receive increased or maintained funding for ...

These terms decide how expensive your home loan will be, how much tax the government can afford to cut, and how much it can ...

Rockford Public Schools leaders projected a more than $13 million budget shortfall for the 2027 fiscal year, as early budget ...

What fiscal deficit means, how it impacts India’s economic health, government borrowing, growth, inflation and policy ...

Anita Chabria and David Lauter bring insights into legislation, politics and policy from California and beyond. In your inbox three times per week. SACRAMENTO — It’s almost like slapstick comedy — the ...

New Orleans city officials are racing to convince state leaders this week to approve a quick cash-infusion and otherwise leave it to the city to manage its fiscal crisis without state intervention, as ...

Finance Minister Purbaya Yudhi Sadewa has assured that a potential widening of the state budget deficit will not disrupt the movement and performance of ...

Harvard University’s Faculty of Arts and Sciences (FAS) is facing an estimated structural deficit of approximately $350 million, a financial shortfall that will require significant changes to its long ...