Bond yields have spiked this week on investor concern over the tax bill swelling the US deficit. Here's why markets are worried.

Financial markets are looking for more “fiscal discipline” from Washington, a top official at the Federal Reserve warned.

The New Zealand government warned Thursday further near-term budget deterioration with the country’s nascent economic recovery at risk from a slowdown in world growth and the potential for ongoing volatility in financial markets.

An "optimistic, realistic" budget deficit target for Romania in 2025 is 7.5% of economic output, President-elect Nicusor Dan said on Thursday, adding that preliminary talks on the 2025 and 2026 budgets do not include tax increases.

The Board of Education got its first look at the proposed reductions during a workshop meeting in Clinton Township. They'll vote on the cuts in June.

The City of Sacramento has a new idea to help solve its $44 million budget deficit: charging people a fee to park in front of their own homes.

London equities fell on Thursday in broad-based declines as concerns over a deteriorating fiscal outlook in the U.S. and higher-than-expected UK government budget deficit dampened investor sentiment.

China’s fiscal stimulus pushed its four-month budget deficit to a record high, as the government ramped up support for the economy during an escalation in its trade conflict with the US.