A CRFB analysis shows the Senate's tax bill could raise national debt to 126% of GDP by 2034, with deficits potentially ...

The tech billionaire warned that members of Congress who campaigned on reducing government spending but vote for Trump’s bill ...

With tax revenue down for the second year in a row, Santa Rosa commissioners are on a mission to reallocate funding, save ...

Buffett’s threshold was a deficit of more than 3% of GDP. In fiscal 2024, the U.S. economy generated $28.83 trillion in GDP, while the federal government spent $6.75 trillion and collected $4.92 ...

“For example, in the financial year 2025/26, given the projected expenditures and revenues, the fiscal deficit including grants is projected at Sh831.0 billion (4.3 percent of GDP) compared to ...

Here are three of their stories. The Camden school system, one of the largest employers in the city, plans to cut its workforce by 18% to help close a $91 million budget deficit. Ayanna Dickerson-Bell ...

Whose idea is Trump’s big, absurd ‘revenge’ tax? Section 899 gives the White House new power to levy up to 20 per cent on foreigners with American investments, which could mean punishing US ...

An obscure item tucked deep inside President Donald Trump’s big, beautiful tax and spending bill is spooking Wall Street. The question is how and why this idea came up in the first place.

Many people are unhappy with the mayor's budget though, and pushback began nearly immediately after its introduction. MORE: Federal cuts threaten to increase SF budget deficit to $2B, mayor warns ...

The fact that it's an obvious political gimmick doesn't really affect whether or not it's a good idea. Neither does the fact that it's tucked into a bill that is otherwise bad. In fact, the ...

The idea was floated by council members last month. Voter approval would be needed, but any proposal is unlikely to make the November ballot. The city does not already levy a citywide sales tax.

Los Angeles Unified School District’s fiscal outlook is bleak, with a structural deficit projected to hit $1.3 billion in the 2028 fiscal year. “It’s not a rosy picture,” said LAUSD school ...