budget deficit

Officials say several things are complicating the MBTA’s budget, including the Orange Line’s shutdown.

President Joe Biden announced Wednesday that his administration is on track to reduce the national deficit by $1.5 trillion in 2022, allowing the feds to pay down the national debt for the first time in six years.

President Joe Biden on Monday announced details of his 2023 budget proposal, which includes an income tax hike for billionaires.

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic

The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion in 2020.

The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year

The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year

The loss of housing and dining revenue during the coronavirus pandemic is the major reason the five-campus University of Massachusetts system is facing a projected $335 million budget shortfall, officials said Wednesday. System President Marty Meehan told a trustees committee that it will be critical for the university to remain disciplined in its financial management to remain financially sound. “Just…

At Worcester Polytechnic Institute, they’ve given 70,000 Covid tests and had only 20 come back positive. What’s working so well at WPI? What are the challenges ? The costs? And by the way, 1,000 kids have already applied for next year! A great conversation with WPI President Laurie Leshin.

The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic cut revenues and sent spending soaring

The breakdown in negotiations for a new coronavirus relief bill in Congress means help won’t be coming anytime soon for budget-strapped state and local governments across the U.S. Governors, mayors and educators have been asking Congress to allocate hundreds of billions of dollars to help them deal with a sharp drop in tax revenue caused by the pandemic

One of the lasting legacies of the coronavirus pandemic will be staggering deficits in the United States