Understanding Budget Deficits: Causes, Impact, and Solutions

Learn how budget deficits arise, their economic impact, and discover strategies to reduce them. Gain insights into managing ...
Committee for a Responsible Federal BudgetOpinion

The Case for a 3% of GDP Deficit Target

As the debt approaches record levels as a share of the economy, the United States government continues to run the highest ...
kcra.com

Proposed California budget plan includes $30 billion more in spending with $2.9 billion deficit

ALERTS SENT STRAIGHT TO YOUR PHONE. WELL, TODAY WE’RE GETTING A LOOK AT THE GOVERNOR’S OFFICE PROJECTIONS FOR THE BUDGET FOR CALIFORNIA. AND THERE IS A MAJOR DIFFERENCE IN THE BUDGET DEFICIT. TODAY, ...
Los Angeles Times

Courage lacking to fix state’s deep-rooted budget shortfall

Anita Chabria and David Lauter bring insights into legislation, politics and policy from California and beyond. In your inbox three times per week. SACRAMENTO — It’s almost like slapstick comedy — the ...
The Conversation

Mid‑year budget update will project deficit of nearly $37 billion for current financial year

Wednesday’s budget update will project a deficit of $36.8 billion for this financial year, which is $5.4 billion better than forecast in the Pre-election Economic and Fiscal Outlook (PEFO) issued ...
WAND

Pritzker signs plan decoupling from federal tax policy to address Illinois budget deficit

SPRINGFIELD, Ill. (WAND) — A new Illinois law has allowed the Pritzker administration to address the state's current budget deficit by decoupling from tax benefits included in the "Big Beautiful Bill.
Reuters

Kenya expects wider budget deficit of 5.3% of GDP in 2026/27

NAIROBI, Dec 19 (Reuters) - Kenya expects a wider budget deficit of 5.3% of gross domestic product (GDP) in the 2026/27 fiscal year (July-June), up from 4.7% in 2025/26, the finance ministry said on ...