President-elect Claudia Sheinbaum must grapple with a hefty budget deficit, brought about in part by spending on infrastructure and social programs.

It’s not the only state with a problem.

When the central bank makes money, it hands it to the Treasury. But now it’s losing money as it pays interest to banks on their deposits.

No surprise: Inflation, higher interest rates and the pandemic all play a role.

You need the courage to make cuts, the wisdom to negotiate and luck, says Linda Bilmes, who worked in the Clinton administration.

The list includes dwindling trust funds for Social Security and Medicare and potential bubbles in the housing and stock markets.

Congress has to fund the government for the next fiscal year, which begins Oct. 1 — and it’s slow going.

It’s a new fiscal year for America. Let’s look at our debt.

Back then, the economy was struggling its way out of recession. Now? Not so much.

The Congressional Budget Office says deficits will nearly equal GDP by 2028. That can't be good, right?