Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is ...

The U.S. government reported a $145 billion budget deficit for December, a 67% increase from the previous year. The rise is attributed to record outlays and calendar shifts. Despite this, fiscal year ...

Gov. Gavin Newsom’s proposed budget “does not materially address” long-term concerns, a key analyst warned Sacramento ...

Amid concerns that there might be as large as an $18 billion budget deficit in the coming year, California lawmakers started ...