ANNAPOLIS — Maryland budget analysts say the state’s deficit is about $1.6 billion. Members of the state’s nonpartisan Department of Legislative Services gave lawmakers a briefing on the state’s budget situation on Wednesday in Annapolis. The projections reflect a loss ...

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A range of tax increases and budget cuts are on the table next year as Maryland legislators struggle with a $1.7 billion structural deficit, according to leading Democrats in the General Assembly. Taxes on alcohol, gasoline, corporate income and sales ...

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WASHINGTON — The Obama administration said Friday the federal deficit hit a near-record $1.3 trillion for the just-completed budget year. That means the government had to borrow 37 cents out of every dollar it spent as tax revenues continued to ...

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WASHINGTON — The federal government is on track to record the second-highest deficit of all time with one month left in the budget year. The deficit totaled $1.26 trillion through August, the Treasury Department said Monday. That puts it on ...

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