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Gov. Gavin Newsom proposes painful cuts to close California's growing budget deficit
SACRAMENTO, Calif. (AP) - California's budget deficit is at least $45 billion, a shortfall so large it prompted Gov. Gavin Newsom on Friday to propose painful spending cuts impacting immigrants, kinde...
The Canadian Press
May 10, 2024
Liberals' fiscal update shows billions more in deficits but steady economy
OTTAWA - Canada's federal budget deficit will be billions of dollars deeper than it was supposed to be this year and next, the Finance Department says, as the Liberals promise to keep spending to keep...
The Canadian Press
Dec 16, 2019
PBO forecasts slower growth and deeper federal deficits
OTTAWA - Parliament's budget watchdog warns that rougher economic waters will mean a deeper federal deficit, with no certainty on how much deeper. In a report Thursday, the parliamentary budget office...
The Canadian Press
Nov 14, 2019
THE CANADIAN PRESS/Jason Franson
US Treasury projects record Q3 borrowing of $947 billion
WASHINGTON - The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of...
The Canadian Press
Aug 03, 2020
Federal deficit to top $112 billion in coming year due to COVID-19, PBO says
OTTAWA - Parliament's budget watchdog is projecting that the federal deficit for the coming fiscal year could be $112.7 billion, a jump of $89.5 billion from previous forecasts as government spending ...
The Canadian Press
Mar 27, 2020
Federal government posts $14B shortfall in 2018-19
OTTAWA - The federal government ran a $14-billion deficit in 2018-19, according to its latest annual financial report, the third year in a row with a shortfall bigger than $10 billion. The deficit for...
The Canadian Press
Sep 17, 2019
THE CANADIAN PRESS/Sean Kilpatrick
Ontario projecting $4.5B deficit this year in third-quarter finances
TORONTO - Ontario is projecting that it will end this fiscal year with a $4.5-billion deficit, while also so far hanging onto a large contingency fund. Finance Minister Peter Bethlenfalvy released the...
The Canadian Press
Feb 12, 2024
PBO sets budget baseline for campaign vows with tools, deficit projections
OTTAWA - Parliament's spending watchdog is predicting years of deficits deeper than the government has laid out. The numbers are in a report the parliamentary budget office says should set the baselin...
The Canadian Press
Jun 21, 2019
Feds short $14.5 billion over decade of equalization payments, PBO says
OTTAWA - The federal government has shortchanged provinces on equalization payments under rules put in place after the last economic crisis in the late 2000s, Parliament's spending watchdog says,...
The Canadian Press
Sep 03, 2020
'Fiscal reckoning': Alberta to outline $20B-plus deficit in financial update
EDMONTON - Albertans are to get a look at the province's biggest deficit in history when the government releases its financial update today. Alberta Premier Jason Kenney has been warning that the defi...
The Canadian Press
Aug 27, 2020
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Warriors win first WHL title, complete sweep against Portland
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It's jubilation in the Friendly City as the Moose Jaw Warriors are WHL champions for the first time in its existence. Br...
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