Economics ❯ Public Finance ❯ Budget Deficits

Government Spending

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San Francisco Begins City Layoffs With 127 Notices Across 18 Departments

Mayor Daniel Lurie says the step is needed to close a swelling deficit approaching $1 billion.

France’s 2026 Budget Talks Collapse, Forcing Temporary Funding Law

Senate Backs Dissolving 60 Millions Publisher as Assembly Panel Rejects Liquidation

Nationwide Strikes Sweep France as Unions Protest Austerity, Eiffel Tower Closes

Fitch Cuts France’s Credit Rating to A+ as New PM Drops Holiday Cuts

CSU Move to End Heat-Pump Subsidies Triggers Coalition Clash

Bayrou Unveils €40 Billion Austerity Plan With Defense Boost in 2026 Budget

French MPs Reject ‘Année Blanche’ Spending Freeze in Budget Talks

Lurie’s $15.9B Budget Slashes 1,400 Positions to Bridge $782M Deficit

Moody’s Downgrade of U.S. Credit Rating Triggers Market Turmoil

Mayor Bass Proposes Budget Cuts with 1,650 Layoffs to Address $1 Billion Deficit

Debt Ceiling Deadline Looms as U.S. Risks Default by Mid-July

French PM to Force Budget Through Parliament, Risks No-Confidence Vote

French Parliament Passes Special Law to Maintain Government Operations Without 2025 Budget