recession

U.S. Capitol grounds. Photo by Jennifer Shutt/States Newsroom.

Bipartisan group projects U.S. default as soon as early June, citing ‘quite low’ cash flows

BY: - May 10, 2023

WASHINGTON — The U.S. government could default as soon as next month if Congress and the Biden administration can’t reach a debt limit agreement before then, according to a new analysis from the Bipartisan Policy Center.  The updated guidance, which puts the default window between early June and early August, added pressure to President Joe […]

Pew report: Ohio’s tax revenues still have not recovered from recession

BY: - December 11, 2019

Most states have seen their tax revenue fully recovered from the economic recession a decade ago. Ohio is among the notable exceptions, research from the Pew Charitable Trusts shows, with tax collections in 2019’s first quarter still 7 percent below Ohio’s peak. Income taxes have been repeatedly slashed in Ohio budgets over the last decade. […]