Latest Government budget deficits News

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...

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....