Latest Government budget deficits News

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...

US projects $3.12T budget deficit for this year, down $555B

Aug. 27, 2021 18:06 PM EDT

WASHINGTON (AP) — The Biden administration is forecasting that this year's budget deficit will be $555 billion lower than it estimated back in May, helped by an economy that is rebounding more quickly than had been expected. But even with the improvement, the...

More red ink: US budget deficit through July hit $2.54T

Aug. 11, 2021 15:55 PM EDT

WASHINGTON (AP) — The U.S. budget deficit hit $2.54 trillion for the first 10 months of this budget year, fed by spending to support the country after the pandemic-induced recession. The figures keep the deficit on track to be second largest annual shortfall in U.S....

Beware of budget gimmicks in push for massive spending deals

Jul. 24, 2021 08:42 AM EDT

WASHINGTON (AP) — Senators fashioning a pair of colossal bills that would deliver more than $4 trillion for infrastructure, health care, environment and other initiatives insist they will fully pay for both plans. Will they? In a Washington ritual...

Nebraska now faces $101.6 million shortfall in state budget

Jul. 22, 2021 17:34 PM EDT

LINCOLN, Neb. (AP) — Nebraska now faces a projected $101.6 million budget shortfall despite a surge in tax collections, largely because of a new tax credit for property owners that grows when state tax revenues increase, state officials said Thursday. The revenue boost...