Maryland Gov. Wes Moore raised some eyebrows this week by saying the state’s $5.5 billion budget surplus “wasn’t real,” after describing the state’s “fortunate financial position” at the beginning of ...

When former Gov. Larry Hogan prepared to leave office, he had strong words for lawmakers and the incoming administration: don’t spend the more than $5 billion surplus. Fast forward, and now, the state ...

Is it possible for a budget surplus to be a bad thing? Short answer: Yes. It was reported recently that the Alabama Senate set a new record for proposed spending with a $12 billion education budget.

The U.S.government posted a $307.0B deficit for February 2025, slightly more than the $302.5B shortfall expected and up from the $128.6B it recorded in January, the U.S. Treasury Department said on ...

The U.S. government pulled in $258.4B in April, more than the $256.4B consensus, according to the U.S. Treasury's monthly statement released on Monday, as the U.S. collected more tariffs and Americans ...

Kemp outlines plans for tax refunds, education funding, state workforce bonuses and enhanced law enforcement retirement plans.

WASHINGTON -- The federal government had a $27 billion surplus in June, an unexpected finding at this point in the fiscal year. The Treasury Department on Friday released its monthly treasury ...

Connecticut Governor Ned Lamont has agreed with state lawmakers to use up to $500 million in state surplus to offset some of the federal funding cuts. “They’d like us to put four or five hundred ...