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THE U.S. BUDGET DEFICIT 26% to $984 billion in 12 months through September. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. annual budget deficit nears $1T with 26% rise

WASHINGTON – The United States budget deficit widened to almost $1 trillion in the latest fiscal year, surging to the highest level since 2012...
EFFORTS TO BLUNT the effect of the state and local tax deduction cap introduced in 2017 have been unsuccessful. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Democrats find few Republican allies to dull sting of SALT tax

WASHINGTON –  Democrats are staging a long-shot attempt to chip away at the Republican tax law’s limit on state and local tax deductions, finding...

Trump’s wall threatens the nation’s defenses

Kudos to the Pentagon for shedding more light on an enduring mystery of Donald Trump’s administration: Who will pay for building a wall along...
THE U.S. BUDGET deficit has exceeded $1 trillion for the first 11 months of the fiscal year, but may lower by fiscal year's end. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. posts $1T budget gap, full-year may be lower

WASHINGTON – The United States budget deficit surpassed $1 trillion in the first 11 months of the fiscal year through August, according to data...
THE UNITED STATES fiscal budget deficit grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from the same period a year earlier, the Treasury Department said in its monthly budget report on Monday. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. budget deficit grows to $866.8B in July, tops last year’s...

WASHINGTON – The United States fiscal deficit has already exceeded the full-year figure for last year, as spending growth outpaces revenue. The gap grew to...
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...

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