America’s debt will be more than 100% of U.S. gross domestic product by later this year, the Congressional Budget Office projects.

Add Yahoo as a preferred source to see more of our stories on Google. A Department of Legislative Services chart shows the worsening state budget deficits in coming years. (Chart courtesy Department ...

Obscure charts show how California's spending exploded under Newsom, far outstripping its stagnant population growth, inflation and a hefty increase in revenues.

The Legislative Analyst’s Office, a nonpartisan government agency, released a critical response Monday to the governor’s budget plans. Newsom’s initial plan calls for $348.9 billion in state spending ...