And while neither party has managed to rein in the red ink, legendary investor Warren Buffett once offered a surprisingly ...

To close a budget deficit, Sacramento, California, will soon charge drivers at downtown & midtown parking meters on Sundays & holidays.

Macquline King, the interim CEO of CPS, said the budget gap for the district has risen to $734 million due to costs related ...

Even if those tax breaks are allowed to lapse at year’s end, the federal budget deficit will still climb to $2.7 trillion in a decade, according to the CBO’s latest outlook, released Friday.

AUSTIN (KXAN) — Amid a budget deficit that has ballooned to more than $100 million, the Austin Independent School District Board is floating the idea of school consolidations as a way to cut costs.

Whose Idea Is Trump’s Big, Absurd ‘Revenge’ Tax? Section 899 saps foreign appetite for US debt just as the government is struggling to finance its fiscal deficit. June 3, 2025 at 3:00 PM EDT ...

Sacramento city leaders to start identifying areas to be cut amid budget deficit 02:08. SACRAMENTO – This week, Sacramento city leaders will begin a painful process of identifying what cuts they ...

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 ...

Though city staff said the current budget year’s $2.4 million deficit is “manageable,” that gap is set to expand quickly in years to come as expenses outpace growth.

Since fiscal year 2025 began on Oct. 1, the federal budget deficit has totaled a new record of $1.146 trillion, according to Treasury data.