Budget officials say that by 2030, there will be enough revenue to pay for just 84 percent of the state budget, forcing lawmakers to make hard spending choices.

The federal government ran a $257.45 billion budget shortfall to start the new fiscal year, with revenue down and spending up ...

A key variable for investors to decipher in election season is the impact of policy proposals on fiscal spending, the deficit ...

It would take nearly $8 trillion in budget cuts merely to stabilize the national debt so it does not grow faster than the ...

Illinois House Speaker Chris Welch hired a new appropriations staff director and plans on making operational changes in 2025.

I am tickled that so many people enjoyed the math behind higher interest rates. So let’s press on, shall we? Why not tackle ...

Despite Fed rate cuts, long-term bond yields rise as investors worry about government spending and continued strong growth.

Fiscal deficit occurs when the government's total spending surpasses the revenue that it generates. In most cases, this gap is made up through external borrowings. Maintaining fiscal deficit is ...

The dilemma caused by deficit spending is not new ... While much more complex than this simple definition can reveal, advocates for MMP, such as economics advisor Professor Stehanie Kilton ...

PROVIDENCE – After years of ever-higher spending of disappearing COVID dollars, the state is now facing a $398.2 million deficit during the 2025-26 budget year, and a string of increasingly ...

What remains clear is her own stark warning that “difficult decisions on tax, on spending, and on welfare” are coming. Telegraph Money takes you through what they are now likely to be – and ...