News

U.S. budget balance unexpectedly flips to surplus in June as tariff receipts jump
The U.S. federal government earned $27.0B more than it spent in June, compared with the -$41.5B deficit expected and the ...
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Escondido sees a budget surplus thanks to Measure I
Last fall voters approved Measure I, a one-cent sales tax increase. City officials say the tax is bringing in more money than ...
America's deficit reckoning: The consequences of a steady budget deficit
CNBC's Leslie Picker reports on news regarding the American budget deficit. Trump Promised ‘No Tax on Tips.’ Then Came the ...
Chicago Public Schools lays off 1,458 employees in latest move to close deficit
Chicago Public Schools announced a second round of summer layoffs Friday, firing 1,458 employees in the latest effort to help ...
‘We won’t let it stand’: Chicago Teachers Union calls for state aid amid budget deficit
Financial problems are piling up at Chicago Public Schools, amid the district’s growing budget deficit and more cuts from the ...
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“We did not meet our own standards”: MCTS addresses seven-figure budget deficit
MILWAUKEE, Wis. - The past month for the Milwaukee County Transit System has included news of a nearly $11 million budget ...
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MCTS interim managing director resigns ahead of hearing on budget deficit
MILWAUKEE, Wis. - One day before the Milwaukee County Transit System's ongoing budget deficit issues were to be discussed ...
Folsom may close a fire station amid city’s projected $3M budget deficit
Folsom City Council will likely vote Tuesday on if the city should delay hiring 10 firefighters. If they do, the fire ...
Significant budget deficit prompts state of emergency for Roane County Schools
State education officials declared a state of emergency in Roane County Schools Wednesday following a detailed review of ...
To fix budget, Miami-Dade mayor floats higher gas tax, cuts to charities and parks
With Miami-Dade County’s government facing a budget deficit of more than $400 million in 2026, Mayor Daniella Levine Cava is considering historic spending cuts, as well as increases ...