deficit

California is expected to have a $25 billion budget deficit

California is expected to have a $25 billion budget deficit

California will likely run a $25 billion budget deficit next year, state officials said Wednesday, ending a streak of historic surpluses and acting as a warning to other states of a possible recession. The deficit will likely lead to painful spending decisions in the nation’s most populous state. But that likely won’t affect the state’s …

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California is expected to have a $25 billion budget deficit

California is expected to have a $25 billion budget deficit

California will likely run a $25 billion budget deficit next year, state officials said Wednesday, ending a streak of historic surpluses and acting as a warning to other states of a possible recession. The deficit will likely lead to painful spending decisions in the nation’s most populous state. But that likely won’t affect the state’s …

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California expected to have $25 billion budget deficit: report

California expected to have $25 billion budget deficit: report

SACRAMENTO, Calif. (AP) — California will likely run a $25 billion budget deficit next year, state officials said Wednesday, ending a streak of historic surpluses and acting as a warning to others States of a possible recession. The deficit will likely lead to painful spending decisions in the nation’s most populous state. But that likely …

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Biden on pace for a $1 trillion budget deficit in 2023: $2.7 billion in new debt a day

Biden on pace for a $1 trillion budget deficit in 2023: $2.7 billion in new debt a day

Sen. Mike Braun, R-Ind., weighs in on a potential government shutdown as senators race to pass an interim spending bill. The federal government added $83 billion to the national debt in the first month of fiscal year 2023, according to the Congressional Budget Office (CBO), a rate of $2.7 billion in new debt per day …

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