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THE UNITED STATES budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year,/ BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. budget gap widens to $747B in 9 months through June

WASHINGTON – The United States budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising...
EFFORTS TO RAISE the cap on SALT deductions or to create workarounds for taxpayers in high tax states are not expected to succeed. / BLOOMBERG FILE PHOTO/ MICHAEL NAGLE

It’s over: States lose fight against SALT deduction cap

WASHINGTON – New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was...

Federal banking regulators issue bulletin on new student loan program

PROVIDENCE – The Treasury Department has issued a bulletin to banks and other financial institutions apprising them of new legislation that allows them to...
THE UNITED STATES had the largest November budget deficit ever recorded this year. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

U.S. budget deficit hits widest on record for month of Nov.

NEW YORK - The United States posted the widest November budget deficit on record as spending doubled revenue.Outlays jumped 18 percent to $411 billion last...
U.S. DEBT was a record $21.9 trillion to start the week. / BLOOMBERG NEWS

Federal debt is surging at fastest pace since 2012

NEW YORK - United States government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails...
THE UNITED STATES budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president. The Treasury reported this month that the government paid $523 billion in total interest in fiscal 2018, the highest on record. / BLOOMBERG NEWS

Trump’s first annual budget deficit climbs to a six-year high

NEW YORK - The United States budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012...

Four states claim federal tax-deduction cap infringes rights

NEW YORK - Four Democratic-led northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and...
THE TREASURY DEPARTMENT released a report that said that the United States budget deficit has increased 16 percent in the first three quarters of Donald Trump's first full fiscal year as president. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. budget deficit jumps in first nine months of fiscal year

NEW YORK - The United States budget deficit widened by 16 percent to $607 billion three-quarters of the way through Donald Trump’s first full...
THE U.S. TREASURY DEPARTMENT has delayed guidance on the rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction, likely until the end of July. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Pass-through tax guidance delayed until end of July

NEW YORK - U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent...
OPPORTUNITY ZONE: Chris Vitale, community-development coordinator for Bristol, stands on Hope Street, one of the areas recently approved by the Treasury Department as an opportunity zone, which will be marketed to developers as a place for ­investment. / PBN PHOTO/MICHAEL SALERNO

Treasury Department approves R.I.’s 25 census tracts for opportunity-zone program

In mid-April, R.I. Commerce Corp. identified 25 low-income census tracts across 15 cities and towns in Rhode Island as opportunity zones, including Bristol’s tract...
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