Policy analysts: Future of deficit reforms unknown
Some Republicans have recently introduced bipartisan legislation in the House and Senate aimed at addressing the federal deficit and ultimately reducing the federal debt,... Read More.
Stories tagged with: deficit
Spokane eyes 2025 budget surplus before facing another potential deficit in 2027
(The Center Square) - Spokane might end 2025 with a small budget surplus once local officials finalize the city's books, despite annual sales tax... Read More.
Partisan sniping underway as Pennsylvania confronts $5B deficit
(The Center Square) - How to build a financial bridge across the vast chasm between Pennsylvania's potential spending and revenue figures - gauged at... Read More.
Federal deficit totaled $1 trillion in beginning of FY2026, CBO says
The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office.
... Read More.
Lawmakers grapple with child care costs amid budget deficit
(The Center Square) - As California struggles with a projected $18 billion deficit and federal cuts to state-run programs, child care advocates Wednesday urged... Read More.
Legislators start working on California budget amid deficit
(The Center Square) - Amid concerns that there might be as large as an $18 billion budget deficit in the coming year, California lawmakers... Read More.
Report: Congress authorized $15 trillion in ’emergency’ deficit spending since 1991
Over the past 35 years, Congress has used emergency funding rules to bypass budget controls and spend a cumulative $15 trillion, a new analysis... Read More.
Report: U.S. racked up $2 trillion deficit over past 11 months
A new report from the Congressional Budget Office estimates that the federal budget deficit reached $2 trillion over the past 11 months, painting a... Read More.
Trade deficit narrows as imports fall in June
The U.S. trade deficit narrowed in June as President Donald Trump’s tariffs deterred businesses from importing goods, the Department of Commerce said Tuesday.
... Read More.
Colorado faces $1B budget deficit in wake of Big Beautiful Bill
Colorado officials are pointing fingers at cuts in the One Big Beautiful Bill Act after recently announcing the state is facing a $1.2 billion... Read More.
