California will face a lower budget shortfall than in previous year in 2026 as the state is set to cut back undocumented ...

Gov. Gavin Newsom’s administration is projecting a $2.9 billion state budget deficit, a far cry from the $18 billion ...

Newsom’s $349B budget projects a $2.9B deficit boosts education and braces for future shortfalls amid federal funding cuts.

The Newsom administration released the proposal Friday for the upcoming 2026-27 budget year, which acts as a starting point ...

The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the ...

The resolution expresses the sense of the House of Representatives that the United States should reduce and maintain the federal unified budget deficit at or below 3% of GDP while acknowledging that ...

The U.S. trade deficit contracted sharply in October, hitting the lowest level since mid-2009 as imports declined, a trend ...

Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...

In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...

Meanwhile, the Peterson Foundation updated its projection: the U.S. would be spending more on defense than the next 35 ...

U.S. President Donald Trump's proposed increase in defense spending for 2027 is unlikely to be offset by savings or revenues ...

The Georgia Division of Family and Children Services faces a projected budget shortfall of more than $85 million, triggering ...