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

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 ...

Since the session began in January, Democratic leadership has been preparing for an estimated $12 billion deficit over the next four years. The new projection puts that number closer to $13 billion.

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.

The Green Bay School District is facing a budget shortfall of at least $10 million to $12 million for the 2026-27 school year. The district attributes the deficit to low revenue limits, low ...

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.