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.
Read More »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.
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Read More »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.
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Read More »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.
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Read More »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 the deficit so far for the 2013 budget year to ...
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Read More »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 the first time since 2008. Steady economic growth and higher ...
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Read More »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 after four straight years of annual shortfalls exceeding $1 trillion, ...
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Read More »Trash, stormwater among proposed Baltimore budget fixes
Trash fees and storm-water credits are among the solutions for Baltimore's budget problems.
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Read More »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 every citizen deserves a basic measure of security and dignity, ...
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Read More »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 fiscal year. The state’s Spending Affordability Committee also voted to ...
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