Gavin Newsom's mistaken belief in a $97 billion phantom surplus three years ago still complicates the newest budget proposal.

The agency says it is fully prepared for filing season in the near term but backlogs could return if the Trump administration ...

Michigan has an $854 million surplus in the current year and is expected to see growth in tax revenue over the next couple ...

The Rhode Island Public Expenditure Council (RIPEC) released a report on Friday examining the state’s fiscal outlook ahead of ...

Discover the origin of the word 'Budget' and its history, along with key expectations for Union Budget 2025. Other details ...

New House GOP members like Rep. Brandon Gill are poised to play important roles in passing President-elect Donald Trump's agenda.

Rather than weakening the SALT cap, lawmakers should strengthen it. Concern over the marriage penalty could be addressed by reducing the SALT cap to $5,000 for single filers or setting a new ...

The budget resolution that Congress will write in the coming weeks should do just that. Budgets are meant to provide a ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining 76 policy opt ...

State officials face challenges from shrinking revenue and major changes from Washington in shared programs such as education and Medicaid.