Ypsilanti leaders have set a goal to bolster its “rainy day fund” to keep the city going for roughly three months in the event of a sudden economic downturn. The city currently has $3.2 million in its ...

The median balance increased by 7 percent last year, a big comedown from 31 percent growth in 2023. Still, half the states ...

Financial emergencies are pushing more Americans to break into their 401(k) accounts. Some 4.8% of account holders took early withdrawals last year for reasons such as preventing foreclosure and ...

The U.S. savings rate rose in February for the second straight month, suggesting that Americans are rebuilding their rainy-day funds after the holiday shopping season. The savings rate rose to 4.6 ...

The Ypsilanti City Council passed a resolution Tuesday night to increase the target for its budget stabilization, or “rainy ...

The budget proposed Monday by Washington Senate Democrats calls for draining most of the state’s Budget Stabilization Account, commonly known as the rainy day fund. The proposal would take $1.6 ...

Majority Democrats in both chambers of the Washington State Legislature say a “wealth tax” proposal is dead this session.

Illinois’ rainy-day fund currently has a balance of $2.2 billion. Officials from the Government Finance Officers Association recommend the state in 2026 have at least $9.2 billion in reserve to ...