Mayor Zohran Mamdani issued Gov. Kathy Hochul a stunning ultimatum Tuesday while unveiling his $127 billion budget proposal – tax the rich or he’ll raise property taxes by nearly 10%. The eye-popping ...

LANSING — State Budget Director Jen Flood presented Gov. Gretchen Whitmer's eighth and final state budget proposal to lawmakers at the Capitol on Wednesday, Feb. 11. Whitmer can't run for governor ...

The U.S. national debt is on pace to break a record set after World War II in four years, while annual budget deficits are projected to balloon to $3 trillion a year a decade from now, according to a ...

Singapore will launch a new "Champions of AI" program to support firms who want to use AI to transform their business. It announced new tax breaks for companies who have expenditures in AI. Singapore ...

ALBANY — The city’s projected budget gap is now estimated to be about $7 billion, Mayor Mamdani said Wednesday — down from the $12.6 billion he warned of last month — though he argued the state should ...

The U.S. national debt continues to rise—but is that actually bad? In June 2025, WSJ explained how the debt affects everyone and when it becomes unsustainable. Photo Illustration: Kent Nishimura/Getty ...

New York City Mayor Zohran Mamdani said Wednesday that taxes from Wall Street bonuses and aggressive municipal savings would reduce the budget shortfall the city faces by $5 billion over the next two ...

The federal deficit and national debt are expected to grow by trillions of dollars over the next decade, according to 10-year projections from the nonpartisan Congressional Budget Office (CBO). The ...

Copyright 2026 The Associated Press. All Rights Reserved. Copyright 2026 The Associated Press. All Rights Reserved. The likeness of George Washington is seen on a U.S ...

President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire. By Andrew Duehren Reporting from Washington In the first year of his second term, President ...

Conflicting information swirled Wednesday morning on what caused the Federal Aviation Administration to close the airspace around Fort Bliss and El Paso, Texas, and what role the military may have ...