Even if those tax breaks are allowed to lapse at year’s end, the federal budget deficit will still climb to $2.7 trillion ... However, some GOP lawmakers are floating the idea of evaluating the cost ...

Senate Majority Leader Nicole Cannizzaro said the governor’s proposed budget has “major structural issues” that make it unworkable and unsustainable.

SACRAMENTO – This week, Sacramento city leaders will begin a painful process of identifying what cuts they will be forced to make this year to solve another massive budget deficit. Last year ...

Brazil’s nominal budget deficit for the first half of 2009 widened to 43.7 billion Reais (23 billion US dollars), the largest since 2001, according to the latest release from the Central Bank.