U.S. Fiscal Risk Digest

Kentucky's Road Fund posted a $72.4 million shortfall in FY 2025-26 as fuel tax revenue fell 2.2% after the gas tax rate dropped to 26.4 cents per...

USPS reported retirement benefits up $324 million and retiree health benefits up $195 million in Q3 FY2026, partially offsetting other results.

• Funded ratio tracks whether assets cover promised benefits; nationally, U.S. plans sit at 82.5% with a $1.27 trillion shortfall equal to 4.1% of...

Despite a $350 million state increase, Chicago Public Schools adequacy slipped to 70% from 73%, with over 700 districts regressing as low-income...

New Orleans is stretching $146.8 million in capital improvement bonds to cover 12 extra projects, freeing $36 million in operating cash for this year...

Massachusetts taxpayers could face a $1.4 billion federal clawback over improper SNAP payments, showing how state-level errors in federal programs can suddenly tighten fiscal flows and add pressure to state budgets.

Local governments face deepening structural deficits, triggering service cuts and tax hikes that preview wider municipal fiscal strain.

• Texas...

Oregon’s transportation agency faces a $200 million budget gap for 2027-29, its fourth straight cycle of cuts, unless lawmakers provide new revenue.
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The Trump administration suspended over $1 billion in Medicaid payments to California and Minnesota last month over suspected fraud and noncompliance,...

Ridgewood Village Council will vote August 12 on a $375,000 bond to extend the Warner Theater purchase option 18 months, after already committing...

Short-term CalPERS investment gains of 14.8% are powering AB 1383 pension boosts for police and firefighters, with estimated added costs of $4.8...

Debt-service costs are the immediate claim on government resources and better predict when fiscal adjustments occur than debt-to-GDP ratios alone....

The US government is on the hook for potentially millions in legal bills from successful challengers to Trump administration actions, creating unpredictable off-budget liabilities that fall directly on federal taxpayers.

Georgia and Kentucky illustrate a growing trend of fiscal pressure forcing spending restraint and service risks.

• Georgia agencies must hold budgets...

Louisiana's Office of Group Benefits retiree healthcare plan carries an other postemployment benefit liability of approximately $7.8 billion, adding to the state's off-balance-sheet obligations for current and future retirees.

U.S. Treasury yields are climbing as markets demand compensation for massive sovereign debt loads, independent of Fed policy.

• 30-year yield surged...

State and local entities are turning to layoffs and early retirements to close structural deficits, with pension shortfalls as a core driver.

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The rare US-Japan intervention to bolster the yen signals Washington's concern that further yen weakness could prompt Japan to sell portions of its...

State tax collections have settled into a steadier post-pandemic pattern, yet remain 2.2% below the 15-year trend nationally in Q4 2025, with 39...

Congress faces a shrinking window before Social Security's trust fund exhausts reserves in Q4 2032, after which incoming revenue would cover only 78% of benefits. Delays make fixes costlier amid partisan divides over taxes, retirement age, and cuts.