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Budget 2026 glossary explained: From deficit to disinvestment, key terms decoded to understand budget numbers and policies

The Union Budget comes with a vocabulary that can be confusing even for regular readers. Many terms are technical, and are used repeatedly across Budget documents, tables and debates. The “Budget at a ...
Finance & Commerce

CBO forecasts growing budget deficit amid tax cuts, tariffs

WASHINGTON — The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump‘s ...
Daily Camera

A 3% rule for budget deficits would be a good start (Editorial)

All but unnoticed last month, a bipartisan group of legislators introduced a resolution calling for Congress to keep budget deficits at no more than 3% of gross domestic product. Though not enough by ...
Time

Did Zohran Mamdani's New Budget Really Eliminate New York City’s Deficit?

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The New York Times

Trump Budget Does Little to Address Nation’s Fiscal Challenges

While the federal deficit has started to shrink under President Trump, his plans could make the long-term situation worse. By Andrew Duehren and Alan Rappeport Reporting from Washington So far during ...

OUSD could see a budget surplus, if it makes difficult financial choices

OUSD staff shared an unexpected assessment: the district projects an $8 million surplus for the 2026–2027 school year.