Latest Government budget deficits News

House OKs $2T social, climate bill in Biden win; Senate next

Nov. 19, 2021 16:21 PM EST

WASHINGTON (AP) — A fractious House handed President Joe Biden a marquee victory Friday by approving a roughly $2 trillion social and environment bill, as Democrats cast aside disputes that for months had stalled the measure and hampered efforts to sell their priorities to voters. ...

Editorial Roundup: Illinois

Nov. 15, 2021 12:41 PM EST

Chicago Tribune. November 9, 2021. Editorial: A question for Hawks’ management. What’s more important? Championships or doing the right thing? In May 2010, the Blackhawks, the Chicago hockey franchise once powered by the likes of Bobby Hull, Stan...

With Dems' prized bill at stake, a numbers game looms ahead

Nov. 13, 2021 00:14 AM EST

WASHINGTON (AP) — Like Hercules and his 12 labors, Democrats’ $1.85 trillion package of social and climate initiatives seems afflicted by a maddening parade of hurdles. Looming ahead is the Congressional Budget Office, which could cause problems that would be messy but probably...

US budget deficit eases to $165B in October, down 42%

Nov. 10, 2021 14:51 PM EST

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic. The Treasury Department reported Wednesday that the federal government posted...

US budget deficit hits $2.77 trillion in 2021, 2nd highest

Oct. 22, 2021 15:41 PM EDT

WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating...

US budget deficit hits $2.77 trillion in 2021, second highest on record, but down $360 billion from all-time 2020 high

Oct. 22, 2021 11:11 AM EDT
WASHINGTON (AP) — US budget deficit hits $2.77 trillion in 2021, second highest on record, but down $360 billion from all-time 2020 high.

University regents agree to request $23M to cover shortfall

Oct. 20, 2021 11:59 AM EDT

FRANKFORT, Ky. (AP) — Regents at Kentucky State University have agreed to request $23 million from the state to cover a budget shortfall. The board of regents at Kentucky’s only public historically Black university met Tuesday to hear an update on the Kentucky Council...

Editorial Roundup: Texas

Sep. 27, 2021 10:07 AM EDT

Dallas Morning News. Sept. 25, 2021. Editorial: Biden administration misled America on Haitian migrants The most important leadership skill for any administration is to be frank, direct and purposeful — to say what they mean and mean what they say....

Court: Cincinnati billboard tax violates First Amendment

Sep. 16, 2021 10:26 AM EDT

COLUMBUS, Ohio (AP) — A tax levied by the city of Cincinnati on billboard companies in an effort to close a budget shortfall is an unconstitutional of First Amendment rights to free speech, the Ohio Supreme Court ruled Thursday. Justice Sharon Kennedy, writing the...

US budget deficit rises to $2.71 trillion through August

Sep. 13, 2021 16:02 PM EDT

WASHINGTON (AP) — The U.S. budget deficit rose to $2.71 trillion through August, on track to be the second largest shortfall in history due to trillions of dollars in COVID relief. In its monthly budget report, the Treasury Department said Monday that the deficit for...