Under Biden's administration, the trade deficit with China continued to decrease, reaching its lowest level since 2010. By 2023, the deficit had dropped to around $279 billion.

Operating deficits at airports nationwide have been soaring since the COVID-19 pandemic and because of recent airline service cutbacks, but Erie's projected $942,000 deficit is decreasing.

The group’s effect on interest payments is estimated to decrease the deficit by about $4 billion in the 2024-2028 period, but trend upward in the second half of the decade, leading to a spending ...

City officials said they will cover the general fund deficit by dipping into the city’s general fund reserve, which contains $26.8 million. The city’s property tax levy for Fiscal Year 2026 ...