It’s not yet clear how many layoffs will be necessary or how Denver city services will be affected, but deep cuts are unavoidable, Mayor Mike Johnston said.

Reduce tax carve-outs like SALT and do more to reduce spending and reform Medicaid.

It would impose work requirements for low-income adults to receive Medicaid health insurance and increase them for food assistance as well as cut funding for services like birth control to the nation’s biggest abortion provider. Supporters of the bill say the moves will save money, root out waste and encourage personal responsibility.

The House budget bill that narrowly passed in an early morning vote on Thursday would effectively put the brakes on a clean energy production boom in the United States spurred by tax credits enacted in 2022.

Gov. Gavin Newsom’s revised state budget assumes California will see a sharp decline in projected revenue, largely because President Donald Trump’s tariffs will slow the nation’s economy.

Analysts said the cuts in the House budget bill will increase emissions and raise energy prices while effectively ceding the clean energy market to China.

A divided Portland City Council adopted a preliminary budget during a marathon meeting Wednesday that culminated with a move to transfer millions of dollars sought by Mayor Keith Wilson for police to help reduce steep cuts proposed for parks maintenance.

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