Deficit Fears Are Driving Up Bond Yields. Stocks Could Take a Hit.
When the bond market calls the tune for stocks, it’s time for investors to proceed with caution. The 10-year Treasury yield, ...
Facing massive deficit, S.F. Mayor Daniel Lurie orders citywide hiring freeze on his first full day in office
Newly minted San Francisco Mayor Daniel Lurie announced a citywide hiring freeze on his first full day in office Thursday as he looks to begin closing the city’s massive $876 million two-year budget ...
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Tax cuts, debt limit, spending caps: Congress faces key fiscal choices this year
The Fiscal Responsibility Act of 2023, which suspended the debt limit until last week, also established binding discretionary ...
Council requests emergency funding to fix deficit
Cash-strapped Solihull Council has applied for emergency government support as it attempts to fill a multimillion-pound hole ...
Trump and his tariffs are set to collide with a widening U.S. trade deficit. There’s no quick fix.
The U.S. trade deficit rose 6% to nearly $80 billion near the end of 2024, leaving Donald Trump with a gap that’s almost ...
US trade deficit with Vietnam soars beyond $110 billion, as weak dong boosts exports
The U.S. trade deficit with Vietnam exceeded $110 billion in the first 11 months of 2024, latest U.S. figures show, as ...
US Trade Deficit Widens on Largest Jump in Imports Since 2022
The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated ...
Maryland lawmakers convene with $3B deficit and uncertainties over incoming Trump administration
Maryland lawmakers are bracing for a fiscally challenging legislative session. The 90-day session begins Wednesday.
Maryland faces $3B deficit as leaders tackle budget challenges in Annapolis
Maryland state senators and delegates always celebrated their return to Annapolis, but this year, there is a decidedly dark ...
Canada posts nine straight months of trade deficit, surplus with US widens
Canada recorded a ninth consecutive monthly trade deficit in November, albeit smaller than expected, as exports rose faster ...
Newsom floats $322 billion budget that would pull California out of deficit
Gov. Gavin Newsom’s proposal included a $228.9 billion general fund that would rely on $17 billion in reserves ...
After 2 years of shortfalls, California governor proposes $322B budget with no deficit
California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit. It’s a welcome change after two years of ...