Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows.

For the fiscal year to date, the deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025.

Hartford Public Schools are facing an unprecedented nearly $70 million deficit this upcoming school year, as city leaders scramble to figure out how to overcome mounting costs and the dwindling ...

Panics about the rising US deficit have stirred up bond vigilantes before. An economist thinks concerns about military ...

Colorado lawmakers learned Thursday that the state's fiscal picture is worse than previously known, raising the prospect of even deeper budget cuts. Why it matters: The bad news appeared in two ...

If you look closely, you can see some progress on cutting federal spending. At least that’s the conclusion of the respected Kim Strassel, writing recently in the Wall Street Journal before the ...

Maryland lawmakers are preparing to contend with a $1.2 billion budget deficit as the state continues to reel from funding cuts to state governments and the federal workforce. But, after a significant ...

Moreno administration begins tackling a projected $200 million budget shortfall. Spending and hiring freezes enacted, with public safety exempt. City pursuing cost cuts, contract reviews and tighter ...

Spokane might end 2025 with a small budget surplus once local officials finalize the city’s books, despite annual sales tax growth falling short of the chief financial officer's projections. Spokane ...

Within the last two years, the outlook of Nebraska’s financial health has taken a U-turn from having a near $2 billion surplus to now facing a structural deficit that could last years.