The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and ...

Mayor Brandon Johnson says Chicago does not have a spending problem, even as city government spending soars and the projected ...

WASHINGTON (AP) — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to ...

The U.S. federal budget deficit ballooned to $1.97T so far this fiscal year, while tariffs have driven customs duties ...

At least 20 of the nation’s 25 largest cities face budget gaps in 2026. As cities lean on reserves and costs outpace revenues ...

House budget chief Lawrence McClure said lawmakers need to look at more cuts to address projected shortfalls in future years.

Analysts expect Prime Minister Mark Carney to push the federal government’s budget deeper into the red as Canada ramps up ...

Mexico expects its budget deficit to fall slightly in 2026 to 4.10%, as GDP growth is seen ticking up, the finance ministry ...

President Emmanuel Macron faces a difficult task ahead after his second Prime Minister was ousted in a matter of months.