WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years…

NEW YORK (AP) — Despite a rise in COVID-19 cases Americans spent at a brisk pace last month, though much of that spending was done online and not at restaurants or other industries beleaguered by…

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that inflation “will likely remain elevated in coming months” before “moderating,” an apparent acknowledgement that price gains have been larger and more persistent than many economists…

LAWRENCE — When Kansas lawmakers left for an early spring break in mid-March, the state was projected to have a healthy savings account of nearly $1 billion in reserves come June. They passed an $8…

WASHINGTON (AP) — A recession caused by the coronavirus pandemic and a government spending spree on testing, health care and aid to businesses and households will nearly quadruple the federal budget deficit to $3.7 trillion,…

TOPEKA — Across the United States, the COVID-19 pandemic is triggering state budget crises. Kansas is no exception, with tax collections expected to plummet by $1.3 billion between now and June 2021. “This is more…

BRUSSELS (AP) — Despite pleas to set aside bickering over military spending so the issue doesn’t dominate a third NATO summit in a row, the United States is almost certain to demand again this week…

WASHINGTON (AP) — The U.S. economic landscape would look even bleaker if not for America’s consumers. The economy slowed in the spring, and many analysts think the weakness will continue in the months ahead. Yet…

WASHINGTON (AP) ? The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald…

LONDON — Boris Johnson has dramatically boosted public spending since taking office, fueling speculation the U.K. prime minister is preparing not only for Brexit by Oct. 31, but a general election as well. The two…