The Congressional Budget Office (CBO) released its February 2026 Budget and Economic Outlook today, updating its ...

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

Worsening federal deficits are driven by increased spending on Social Security, Medicare, and debt service payments.

Gov. Wes Moore’s (D) $70.8 billion spending plan unveiled last week closes a more than $1.5 billion deficit for fiscal 2027 but does little to ease projected future budget pain, lawmakers were told ...

Minnesota lawmakers will return to the Capitol in February with a near-term surplus of nearly $2.5 billion, but the latest economic forecast released Thursday sparked more debate about who’s to blame ...

The state will need to reform its antiquated tax code, warily approach bond measures that tie the hands of policymakers, and get serious about spending oversight.

The Congressional Budget Office (CBO) just released its February 2026 Budget and Economic Outlook, its first full ten-year baseline and economic forecast since January 2025. CBO projects that federal ...