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.

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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.

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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.

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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.

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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 the deficit so far for the 2013 budget year to ...

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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 the first time since 2008. Steady economic growth and higher ...

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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 after four straight years of annual shortfalls exceeding $1 trillion, ...

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Trash fees and storm-water credits are among the solutions for Baltimore's budget problems.

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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 every citizen deserves a basic measure of security and dignity, ...

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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 fiscal year. The state’s Spending Affordability Committee also voted to ...

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