Little-known outside of budget wonk circles, the report’s options, in keeping with CBO’s nonpartisan advisory to role to Congress, run the gamut, from imposing new taxes to big cuts in ...

Italy's parliament on Saturday approved the 2025 budget, aiming to both appease EU demands to lower the eurozone nation's deficit and honour Prime Minister Giorgia Meloni's pledge to cut taxes.

The cognitive dissonance between inflation fears and actual spending habits will make for continued growth in 2025, much like ...

"If we do see big cuts to Medicaid, that will affect all areas of states' budget, not just their health budget." The Supplemental Nutrition Assistance Program could face cuts as well. Mayra ...

Recently passed amendments to fiscal planning law could reduce the defense budget by 28 percent, undermining Taiwan’s military readiness and international support, National Security Council (NSC) ...

But as a PhilHealth member, I am not paying so that the government doesn’t have to. As for DepEd’s budget cut, the rationale given was the Vice President and former DepEd secretary’s lack of spending ...

OAKLAND, Calif. - Police, fire services and cultural arts programs are among the services to see budget cuts in Oakland after the city council on Tuesday accepted a plan to balance its budget ...

A definitive answer on whether and in what form the 2025 state budget cuts have materialized can only be given in the first quarter of 2026. This is because the budget document is prepared based on an ...

The council voted in favor of moving forward with the first phase of cuts. Ms. Cecilia Cunningham attended the meeting Tuesday night distressed about potential budget cuts in police ...

If the national defense budget for the submarine construction project is cut next year, the earliest the budget for the Hai Kun (海鯤) submarine could be allocated is 2026, with its implementation ...

Lacson pitched this option because Marcos earlier told reporters he wasn’t inclined to exercise his line-item veto of the budget in order to override the huge cuts in DepEd’s allocation.

Even for districts whose federal aid makes up a tiny fraction of their annual budget, cuts could have dramatic ripple effects. Nearly every school district benefits to some degree from federal ...