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THE U.S. BUDGET DEFICIT has reached $3 trillion for the first 11 months of this budget year. /. AP FILE PHOTO/ ANDREW HARNIK

U.S. budget deficit hits record $3 trillion through 11 months

WASHINGTON (AP) – The United States budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year,...
DECISION TIME: Federal Reserve Board Chairman Jerome Powell speaks to the House Committee on Financial Services in Washington, D.C., in June. / THE WASHINGTON POST FILE PHOTO VIA AP/BILL O’LEARY

Too risky? Fed pressed to expand business aid

WASHINGTON – With the economy still in the pandemic’s grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending...

U.S. budget deficit climbs to record $2.81 trillion

SILVER SPRING, Md. (AP) – The United States budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding...
THE U.S. BUDGET deficit hit $864 billion in June. / AP FILE PHOTO/PATRICK SEMANSKY

U.S. budget deficit hits all-time high of $864 billion in June

WASHINGTON (AP) – The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus...
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...

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