With the state facing a revenue deficit this fiscal year, the House Thursday approved cutting the rate of the Business ...

State senators are racing against the clock this legislative session to address the state’s budget deficit. This is the ...

California's deficit is projected to reach nearly $18 billion next year, as spending is expected to offset, if not eclipse, ...

The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data ...

The national debt now stands at more than $38 trillion. The tariff revenue we rake in is just a drop in the bucket compared to that amount. The Trump administration has proposed using tariff revenue ...

The budget hole calls for sustainable revenue increases or serious spending cuts, the Legislature’s analysts say. But either would be unpopular with top Democrats.