The Washington state Senate in session. The state’s operating budget must be balanced not just for the current biennium but across a four-year outlook. (wa.gov) These examples are often framed as ...

The U.S government’s debt hit $37.6 trillion on Sept. 30, the end of the most recent fiscal year. To put that number in perspective, a stack of $1 bills in that amount would be 2.5 million miles tall.

Mamdani’s $124.7 billion NYC budget closes a major gap with state aid, a pied‑à‑terre tax and pension shifts that could affect the city’s finances and business climate.

The federal government experienced a shutdown in autumn 2025, which is one of many that have occurred in the past 20 years. The nation also has racked up about $38 trillion in debt, and Congress and ...