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Budget deficit for current year hits record $2.1 trillion
The U.S. budget deficit hit a record $2.06 trillion through the first eight months of this budget year as coronavirus relief programs drove spending to all-time highs.
Amid city budget shortfalls, real estate revenue bucks trend
The city of Baltimore’s budget director is projecting a $14.8 million budget deficit, but he said he’s encouraged by growth in revenues generated from property, transfer and recordation taxes.
U.S. deficit nearly 24 percent lower than year ago
The U.S. government is running a deficit that is 23.6 percent lower than in the same period a year ago through the first five months of this budget year, another sign of improvement in the nation's finances.
Neuman: Anne Arundel faces huge deficit
Anne Arundel County is facing a $1.3 billion deficit due to underfunding of health care benefits for county retirees, County Executive Laura Neuman said Tuesday in an email sent to all county employees.
Budget deficit down 37.6 percent through July
WASHINGTON — The government on Monday reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five years. July’s figure raises […]
U.S. budget deficit widens $139 billion in May
WASHINGTON — The government reported Wednesday that the U.S. budget deficit widened in May by $139 billion. But the annual deficit stayed on track to finish below $1 trillion for […]
CBO: Obama budget cuts deficits $1.1 trillion by 2023
WASHINGTON — Congress‘ nonpartisan budget analyst says President Barack Obama’s budget would trim projected federal deficits by $1.1 trillion over the coming decade. The Congressional Budget Office said Friday that […]
Trash, stormwater among proposed Baltimore budget fixes
Trash fees and storm-water credits are among the solutions for Baltimore's budget problems.
Obama: We must reduce health costs, deficit
WASHINGTON — President Barack Obama says the nation must make the “hard choices” to reduce the cost of health care and the size of the deficit. But the president said […]
Md. panel votes on spending recommendations
ANNAPOLIS — A panel of Maryland lawmakers on Thursday recommended that Gov. Martin O’Malley cut the state’s projected budget deficit of $382 million by more than half in the next […]
U.S. on path to 5th straight $1 trillion deficit
WASHINGTON — The federal government started the 2013 budget year with a $120 billion deficit in October, an indication that the nation is on a path to its fifth straight […]
Budget office: Obama’s health law reduces deficit
WASHINGTON — President Barack Obama’s health care overhaul will reduce rather than increase the nation’s huge federal deficits over the next decade, Congress‘ nonpartisan budget scorekeepers said Tuesday, supporting Obama’s […]
