deficit

Local

California Faces $18B Budget Deficit and $35B Structural Shortfall, LAO Says

Dec 2, 2025 11:43 AM PST

California is projected to face an $18 billion budget deficit in the coming fiscal year, according to a new report from the Legislative Analyst’s...

Local

$12B Deficit, but Lawmakers Still Funnel Millions Into Local Pet Projects

Nov 12, 2025 3:36 PM PST

With California facing a $12 billion budget deficit, state lawmakers are under fire for funneling millions of taxpayer dollars into local projects critics say...

Business

Korea shifts to current account deficit in April

Jun 9, 2023 9:22 AM PDT

Korea returned to a current account deficit in April, dragged down by a jump in overseas travel and foreign dividends. However, the goods balance...

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