Tag: Treasury Department
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...
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...
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...
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...
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...
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...
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...
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...
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