Keith DeMartini, Santa Barbara’s finance director, explains that city staff no longer recommend putting a real property transfer tax on the November ballot. Credit: Rebecca Caraway / Noozhawk photo ...

A bipartisan commitment to responsible budgeting was once a fundamental part of American governance. Congress borrowed for exceptional situations and reduced the debt burden otherwise. Since the Great ...

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.

House Finance Committee Chairman Vernon Criss explained the committee’s primary amendment to Senate Bill 250, the budget bill, Wednesday afternoon in the House of Delegates. (Photo by Steven Allen ...

Some lawmakers want to adopt a new amendment to force Congress to come up with balanced budgets to keep the country’s ballooning deficit from continuing to spiral out of control and risk a debt crisis ...

A balanced budget amendment might lead listeners to think, ‘Kevin said there’s a $1.8 trillion. Deficit this year alone, Congress under a balanced budget amendment that would force Congress to like ...

Summit County government staff have been working since summer to reduce a projected $7.5 million general fund deficit in the county’s 2026 budget. At a Dec. 9 meeting, the Summit Board of County ...