#deficit

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US politics
fromFortune
5 days ago

U.S. may have to refund half its tariff revenue as high-stakes court battle threatens to wreak havoc on the deficit and bond market

If the Supreme Court upholds a ruling that reciprocal tariffs are illegal, the federal government would have to refund half tariff revenue, worsening the deficit.
fromwww.mediaite.com
1 month ago

Trump Mega-Bill Total Cost Skyrockets to Add Staggering $4.1 TRILLION to Debt: CBO Analysis

President Trump's One Big Beautiful Bill Act is projected to add over $4 trillion to the deficit, which is $700 billion more than previously estimated.
US politics
fromwww.mercurynews.com
1 month ago

Walters: New California budget papers over $20 billion deficit, ignores day of reckoning

The budget projects that the state will receive $208.6 billion in general fund revenues during the fiscal year that began on July 1, but it will spend $228.4 billion.
California
fromwww.npr.org
2 months ago

The simple math of the big bill

The economic effects of Trump's policy bill aim to make big tax cuts permanent while funding them through cuts to Medicaid and substantial borrowing, increasing the deficit dramatically.
US politics
US politics
fromwww.aljazeera.com
2 months ago

When will Trump's Big Beautiful Bill' take effect? Here's what comes next

Trump's bill raises top-tier wealth, erodes healthcare for the poor, and increases the deficit by $3 trillion.
#gop
more#gop
US politics
fromwww.theguardian.com
2 months ago

Musk vows to unseat lawmakers who support Trump's one big beautiful bill

Elon Musk vows to unseat lawmakers backing Trump's budget bill raising deficit by $3.3tn, threatening election losses for them.
SF politics
fromSan Jose Inside
2 months ago

Legislature OKs New $325B State Budget 'Passed on Hope'

California's budget relies on borrowing to address a $12 billion deficit, delaying tough decisions about social services and financial stability.
Right-wing politics
fromThe Atlantic
3 months ago

Republicans Have a Revenue Problem

Congressional Republicans criticize federal spending but face a significant deficit under their own policies, necessitating a balanced approach to reduce both spending and increase revenue.
#tax-reform
fromFast Company
3 months ago
SF politics

Small business owners, here's how Trump's Big Beautiful Bill could impact your taxes: SALT deduction workaround axed

fromFast Company
3 months ago
SF politics

Small business owners, here's how Trump's Big Beautiful Bill could impact your taxes: SALT deduction workaround axed

US politics
fromBusiness Insider
3 months ago

4 ways Trump's 'big beautiful' tax bill could impact your wallet

Trump's 'big beautiful bill' aims to extend tax cuts and reform various financial provisions affecting Americans.
more#tax-reform
US politics
fromFast Company
3 months ago

What to know about the CBO-the office calling out Trump's tax bill

The Congressional Budget Office plays a crucial role in providing impartial fiscal analysis amidst political disputes over federal legislation.
US news
fromBoston.com
3 months ago

Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

Trump's proposed tax bill may cut taxes by $3.75 trillion but could increase deficits by $2.4 trillion, according to the CBO.
#san-francisco
fromMission Local
3 months ago
NYC politics

Mayor Lurie says he's cutting 1,400 jobs. It's actually 1/3 of that.

Mayor Lurie proposes cuts to address $781.5 million deficit, but actual eliminated positions are significantly lower than announced.
fromABC7 San Francisco
3 months ago
San Francisco

WATCH LIVE: San Francisco Mayor Lurie to present proposed city budget

Mayor Lurie proposes deep budget cuts to address a $800 million deficit.
more#san-francisco
US politics
fromwww.mediaite.com
3 months ago

Rand's Not Gonna Vote for Anything, Ever': Republican Senator Says Paul Is a Hard No' on GOP Bill

Sen. Kennedy emphasizes the need for responsible spending in the GOP's spending bill while acknowledging Sen. Paul's firm opposition.
fromLondon Business News | Londonlovesbusiness.com
3 months ago

The Chancellor should scrap her fiscal rules if she is serious about growth - London Business News | Londonlovesbusiness.com

Public sector spending has continued to significantly exceed income in April, leading to a spending deficit covered by borrowing of £20.2bn.
UK politics
fromwww.npr.org
3 months ago

Trump's bill advances in rare weekend vote as House conservatives negotiate changes

Deliberations continue at this very moment... I suspect right up until the time we put this big, beautiful bill on the floor of the House.
US politics
US politics
fromNew York Post
3 months ago

GOPers in Congress need to stomp on the prima donnas and hang together - or they'll soon hang separately

Republicans must compromise quickly to pass Trump's budget amid significant pushback regarding national debt.
Potential tax increases on the wealthy may be necessary for passing the budget bill.
US politics
fromwww.mediaite.com
3 months ago

Kaitlan Collins Confronts Tim Burchett On Credit Downgrade

The U.S. credit rating downgrade raises concerns about financial management under both parties, highlighting deficits amid budget negotiations.
Los Angeles
fromLos Angeles Times
3 months ago

Metro committee moves forward on $9.4-billion budget as Olympics funding remains uncertain

Metro faces a $2.3 billion deficit by 2030 while proposing a $9.4 billion budget for 2026 with a focus on safety and transit operations.
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