As May 31 this year came and went and Illinois lawmakers passed a roughly $55 billion state spending plan for the fiscal year beginning July 1, a $771 million budget shortfall that Chicago area ...

The Regional Transportation Authority is expected to downsize the “fiscal cliff” facing Metra, Pace and the CTA in 2026 by over half at a Friday meeting. The agency earlier had projected a $771 ...

If you’re already tired of talk of the “fiscal cliff,” brace yourself: Several business-friendly, deficit-unfriendly groups have launched well-funded campaigns hoping to bring even more attention to ...

Reading the slow drift toward a major fiscal and geopolitical cliff ...

Medicare provider payments will be cut by nearly 30 percent on Tuesday that would affect nearly 2 million beneficiaries in Ohio, most of them elderly. The cuts stem from Medicare’s sustainable growth ...

Supporters of public media on Capitol Hill and beyond are scrambling to find solutions to address the fiscal cliff that public media is staring down this fall following cuts directed by President ...

So just what is this "fiscal cliff" that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin? It's a one ...