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$32 Million Deficit: Fresno’s Doom and Gloom Budget Projection

The coronavirus pandemic will cause a $32 million deficit for the next city of Fresno budget. "It is enormous. It will be a real challenge for the city to deal with that," assistant city manager Jane Sumpter told the Fresno City Council on Thursday. Also in Politics 101: Fresno City...

Budget Deficit to Break $1 Trillion Despite Strong Economy

WASHINGTON — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. Tuesday's Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes used to...

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