After 2 years of shortfalls, California governor proposes $322B budget with no deficit
California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit. It’s a welcome change after two years of ...
Gov. Gavin Newsom announced a $322.2 billion budget with no deficit. Here’s what’s in it
California no longer faces a budget deficit, Gov. Gavin Newsom said Monday, two months after budget officials projected a $2 ...
New Senate leader Thune aims to tackle US ‘fiscal mess’ but admits GOP tax cuts may not be fully funded
New Senate Majority Leader John Thune on Sunday said one of his top objectives will be to address the country’s “fiscal mess” ...
Trump tariffs would shrink the federal deficit, but also the economy, CBO says
The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years ...
Grim Forecast for ’25: U.S. Will Lose Its Last Triple-A Credit Rating
Markets have already downgraded Uncle Sam’s ballooning debt. Expect Moody’s to follow suit as borrowings and interest expense continue to grow.
US trade deficit rises to more than $100 billion
By Naveen Athrappully Contributing Writer America’s trade deficit widened in November to more than $100 billion, with import ...
The U.S. Is About To Hit The Debt Ceiling Again: What That Means For The Economy
A key deadline for the government's borrowing limit is rapidly approaching, but lawmakers may not have to deal with it until ...
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New year, new Congress, old problem: the debt ceiling
The new cohort of lawmakers could agree to once again suspend it. They could also get rid of the national debt cap altogether ...
Does the United States need a debt limit?
The federal debt limit has no practical value. This suggests that ending it would be a good idea. Yet the laws of unintended ...