Economy – Articles, Analysis, Opinion

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Houston residents at a flooded park after the passage of Hurricane Beryl, July 8, 2024. Mark Felix/AFP via Getty Images

A fiscal crisis is looming for many US cities

A perfect storm of rising costs and declining revenues is stressing many US city budgets – and the Trump administration isn’t likely to send much help.
Immigrant farmworkers pick strawberries in California in April 2024. Visions of America/Joe Sohm/Universal Images Group via Getty Images

Deporting millions of immigrants would shock the US economy, increasing housing, food and other prices

While immigrants without legal authorization make up about 5% of the U.S. workforce, these workers are concentrated in particular industries, including agriculture.