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 ...

Tagged with: alcohol budget budget cuts Business deficit election gas hike increase tax Taxes

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 ...

Tagged with: Barack Obama deficit Economy federal Government

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 ...

Tagged with: budget deficit