Good news! The federal budget deficit shrank in November. Bad news! Uncle Sam still ran a significant budget shortfall ...

Discover key arguments for and against a balanced federal budget, exploring potential impacts on national debt, taxpayers, and future economic stability.

President Trump is adhering to economic theory with regard to his tariff policies and trade deficits; with time it will pay off. He understands that America’s perennial trade deficits predispose to ...

California will face a nearly $18 billion budget deficit in the new fiscal year due to higher than expected spending, despite an economic boon largely driven by AI enthusiasm and strong revenue, the ...

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In the four months since the Legislature and Gov. Gavin Newsom enacted a new state budget, revenues — primarily from personal income taxes — have outstripped expectations by several billion dollars.