Lawmakers introduced a bipartisan proposal to cap annual deficits at 3% of GDP, but this resolution would still permit ...

After the White House called for billions of dollars in funding reductions, senators and representatives are rescinding the ...

Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...

SACRAMENTO, Calif. — Gov. Gavin Newsom on Friday unveiled his proposed $348.9 billion budget for the 2026–27 fiscal year, ...

California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, an amount significantly ...

California will face a lower budget shortfall than in previous year in 2026 as the state is set to cut back undocumented ...

Newsom's administration forecast a "modest" $2.9 billion shortfall in the coming year, down sharply thanks to continuing ...

OLYMPIA, Wash. — Gov. Bob Ferguson released his proposed 2026 supplemental budget on Tuesday. He remained candid about the financial challenges the state faces, including a continued deficit and steep ...

Gov. Bob Ferguson on Tuesday proposed a $79 billion operating budget that avoids general tax increases but cuts or delays an array of state services while tapping the state rainy day fund and ...

Facing reductions caused by President Trump’s policies, the state’s budget will prioritize essential services such as health care and food security. Hawaiʻi Gov. Josh Green’s $20.4 billion ...

President Trump signed an executive order making Dec. 24 and Dec. 26 federal holidays for 2025. The order applies only to departments and agencies of the federal government. Private businesses, banks, ...