California's deficit is projected to reach nearly $18 billion next year, as spending is expected to offset, if not eclipse, ...

As state lawmakers returned to Sacramento for a new legislative session this week, Democratic members are having serious ...

The budget hole calls for sustainable revenue increases or serious spending cuts, the Legislature’s analysts say. But either would be unpopular with top Democrats.

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 Treasury Department data ...

The national debt now stands at more than $38 trillion. The tariff revenue we rake in is just a drop in the bucket compared to that amount. The Trump administration has proposed using tariff revenue ...

Since returning to the White House in January, President Trump has overturned decades of U.S. trade policy — building a wall ...