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 ...

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

The GOP will only be constrained by how much deficit spending the party’s lawmakers and global financial markets can tolerate ...

New Brunswick's new Liberal finance minister is projecting a deficit of $92.1 million for the current fiscal year, a reversal ...

When Trump won the 2016 election, the stock market went on a tear as investors responded favorably to the prospect of tax ...

President-elect Trump has many tax cut plans and a promise to 'end all taxes on overtime', but in Congress, it's likely ...

Keith M. Phaneuf | ctmirror.org Gov. Ned Lamont has ordered mid-year budget cuts from public colleges and universities while ...

Since at least the administration of Theodore Roosevelt, presidents have been appointing commissions to reform the government ...

Donald Trump won the election. The House and Senate are in Republican hands. That means the GOP now owns the debt and its consequences. This responsibility, while too much for past politicians, ...

SPRINGFIELD — Illinois lawmakers returned to Springfield Tuesday for the first time since May following news earlier this ...