Treasury $47.8T-$200T Liabs FY25 $48T vs $6T Assets, NYC $12.6B Gap FY27 Pension Tricks/Chicago $1.2B/Fraud/Auctions/Portland $15M

U.S. Fiscal Risk Digest

Treasury confirms liabs path; NYC FY27 council $1.2B re-amort/POBs amid $12.6B default risk/Portland $15M health loan FY26 reserves crush/Chicago gaps; GAO fraud/OFR cuts/priv credit stress crush local taxpayers.

Sources (28)

Updated Apr 8, 2026

U.S. Fiscal Risk Digest

Austin ISD weighs $117M-plus in cuts as budget shortfall climbs to $181M

*Authorize a temporary interfund loan not to exceed $15 million from the Facilities Services Fund to the Health Insurance Operating Fund to provide interim funding for employee health benefits and to avoid negative cash and fund balances at the end of FY 2025-26 | Portland.gov

Municipal Bonds Just Had Their Worst Month in Years. Why It Might Be Time to Buy.

The New York City Council Just Countered Mamdani’s Tax-the-Rich Plan

The U.S. Treasury Didn’t Declare the Country ‘Insolvent’

Digging Into (and Out of) Debt

New York City’s $12.6 Billion Budget Gap Enters a June 30 Default Countdown

Pension Costs Are Pushing New York and Chicago Toward Fiscal Crisis - Bloomberg

Global investors prefer Chinese government bonds over US Treasuries, as debt auctions fall apart

Medicare premiums and deductibles surge in 2026, squeezing retirees

Medicare Program; Contract Year 2027 and ... - Federal Register

Weekly Commentary: A Squeeze, A Gambit, And A Z.1 | Seeking Alpha

Mamdani Took $229M From The Retirement Fund. Said He Will Return It In 2028 Will Just Make It Worse!

'STRESS IS BUILDING': Private credit CRISIS hangs over Wall Street

It’s not just Florida and Texas that threaten NYC’s sputtering tax base — here’s the next big worry

Trump Team Reportedly Moves To Slash Staff At Post-2008 Financial Risk Watchdog — Elizabeth Warren Warns It Could Cause 'Another Crash'

'Let's Get This Budget Done!':Hochul Announces Budget Priorities Amid Standoff With Mamdani

JUST NOW: Mamdani in SERIOUS TROUBLE — NYC’s $5 4B Crisis Turns UGLY

A MAJOR Private Credit Fund JUST Blocked Withdrawals as Private Credit Fund Bank Runs Begin!

New York Working Families Party director on city’s budget shortfall

Failed Government Programs in the Last Decade: Lessons from Policy Breakdowns

Cities Face $240 Billion in Unfunded Pension and Health Liabilities

Terry Savage: Who is watching the MEGO numbers?

Deciphering Risk in Private Credit Markets

New York pension sweeteners could cost $1.5 billion a year

America's Debt Problem Is Real—But Not The Way You Think

NY Pension Tier 6 Changes May Hit Local Budgets Hard

U.S. Debt Hits $47.78 Trillion, Raising Tax and Service Pressure