Tag: government budgets
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New Mexico Senate endorses budget bill emphasizing savings during oil sector windfall
New Mexico is preparing to set aside billions of dollars to sustain government spending in the future in case an oil production bonanza fades in the transition to cleaner sources of energy
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New Mexico budget bill would found literacy institute, propel housing construction and conservation
New Mexico’s strategy for spending and investing a multibillion-dollar annual surplus linked closely to oil production has come into sharper focus
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CBO warns 2025 debt interest costs to exceed World War II levels
The cost to service the U.S. government’s burgeoning debt load will hit a record high next year and then keep on climbing, the Congressional Budget Office warned on Wednesday. Net interest payments will climb to 3.1% of gross domestic product next year, the highest level in records going back to 1940, and then go on…