NYC faces $12B budget deficit, drawing comparison to 2008 financial crisis – as Zohran Mamdani uses dire forecast to push taxing the rich

The Big Apple was in the red — even before the socialist takeover. New York City is facing a mammoth $12 billion budget ...

Federal Budget: Government Deficit Exceeds $1.6T In 2025

Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is ...

Deficits boost US debt but also inflate corporate profits and stocks, so reducing red ink could trigger a financial crisis, analysts warn

"In the financialized U.S. economy, each dollar of deficit spending may flow into a dollar of corporate profit." ...
Chicago Sun-Times

State deficit projections look dim

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Mercury News

California facing projected $18B deficit as Newsom heads into his last year as governor

SACRAMENTO, Calif. (AP) — California will face a projected $18 billion deficit next year, setting up a challenge for Gov. Gavin Newsom to safeguard some of the progressive policies that have defined ...
The Gazette

Iowa Gov. Reynolds proposes $9.7B budget, again drawing from state reserve funds

Iowa is currently operating in a budget deficit, created in large part by a series of reductions in state income tax levels.

$18 billion deficit greets Newsom’s final year in office; how will he address it?

Will California Gov. Gavin Newsom raise taxes or cut spending to fix an $18 billion budget shortfall? Either could spell trouble for his legacy.

U.S. Trade Deficit Fell to Lowest Level Since 2009 as Tariffs Reshape Trade

The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on imports, the latest data showed.