U.S. Deficit Hits a Record $1.15 Trillion Dollars
Social Security remains one of the largest federal spending categories, while net interest on the national debt is the ...
By design, budget reconciliation mostly addresses the parts of federal spending that are not part of the appropriations ...
Explore three budget scenarios, including tax policy impacts and AI-driven productivity gains. Click here to read what ...
while revenues as a percent of GDP were close to their historic average (see chart) The main concern is that the federal budget deficit has swelled. It exceeded 6% of GDP in 2024, roughly twice ...
Federal dollars make up 18% to 50% of state budgets, depending on the state, according to data from the National Association ...
where roughly a quarter of the workforce is federal employees, and create a major hole in the city’s budget, D.C.’s top financial officer warned in revised revenue projections. Historically ...
North Carolina’s financial stability is increasingly at risk as years of tax cuts continue to erode state revenues. With additional tax cuts scheduled and potential federal funding ...
California's major cities and school districts are facing sizable budget gaps. Much like the state, they have few financial ...
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