The new cap — part of the 2022 Inflation Reduction Act — started in the new year. It's unclear whether the Trump administration will keep or repeal the law.

Gov. Ned Lamont told business leaders he won't touch the spending cap, but left room for debate on other fiscal guardrails.

Minot City Council members have collectively voiced their dislike for the local government spending caps being bandied about in the North Dakota Legislature. The council hesitated Tuesday to send a ...

It encourages short-termism." Maguire says the new spending cap rules which are due to start from 2025-26, after being ...

The Los Angeles Dodgers recently agreed to a $72 million contract with Major League Baseball (MLB) pitcher Tanner Scott and a $182 million contract with MLB pitcher Blake Snell. In total, the Dodgers' ...

The law's new $2,000 out-of-pocket spending cap for prescription drugs is expected to save most affected enrollees an average of $2,474, representing a 48% reduction in their overall spending, ...

Gov. Ned Lamont told a business audience Wednesday that Connecticut’s spending cap, one of the so-called fiscal guardrails that have constrained state spending in a time of record budget ...