Key Takeaways The U.S. economy is increasingly propped up by federal deficit spending, which, by one estimate, effectively ...

The US budget deficit was already on shaky ground before the Iran war, and reports that Pentagon will seek an additional ...

Senators Kevin Cramer (R-ND) and Angus King (I-ME), joined by Senators David McCormick (R-PA) and Gary Peters (D-MI), introduced a resolution in the Senate last week calling for setting a target of ...

The latest report from the U.S. Treasury Department revealed the stark gap between government income and spending. In July, the government collected $338 billion in total receipts but spent $630 ...

Town departments, including the School Department, are likely to remain in tough financial straits in fiscal 2027. At least ...

The twin deficits hypothesis has long been central to macroeconomic debates, positing that a government’s chronic fiscal deficit may generate or exacerbate a current account deficit. This ...

The Baltimore Sun’s recent Spotlight on Maryland report on the state’s looming structural deficit highlights a troubling ...

As part of Budget 2026, we will be reviewing and updating the reporting organizations included in the government reporting ...