Mayor Brandon Johnson is defending his administration’s approach to fiscal management, asserting that Chicago does not have a spending problem despite the city’s budget ballooning to $17.1 billion and a projected deficit rising to $1.15 billion.
New Yorkers are set to receive major tax relief under President Donald Trump’s newly signed tax and spending law, with residents projected to save an average of $3,935 in 2026. The figures come from a new analysis by the Washington-based Tax Foundation, which estimates broad benefits for households and job creation across the state.
Washington state is on course to enter deficit spending by 2028, despite hitting taxpayers with the largest combined tax increase in its history. An investigation by The Center Square reveals that state spending has more than doubled over the past decade, vastly outpacing inflation and population growth.
The White House is celebrating a significant rise in Americans' personal income, highlighting a 0.8% increase in April—nearly triple the forecasted 0.3%.
