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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 CBO has projected a $3.7 trillion U.S. budget deficit due to the economic impact of COVID-19 as well as spending related to the pandemic. / SUSAN WALSH

CBO says deficit to reach $3.7 trillion in economic decline

WASHINGTON (AP) – A recession caused by the coronavirus pandemic and a government spending spree on testing, health care and aid to businesses and households...
PRESIDENT DONALD TRUMP has proposed a $4.8 trillion budget for the upcoming fiscal year. / BLOOMBERG NEWS FILE PHOTO

Trump’s $4.8T budget would increase debt, cut safety net

WASHINGTON – President Donald Trump’s $4.8 trillion budget for the upcoming fiscal year proposes billions more in funding for defense and a United States...
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...
THE U.S. BUDGET DEFICIT is projected to exceed $1 trillion by fiscal 2020. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. budget gap set to top $1T in FY2020, two years...

WASHINGTON – The United States budget deficit is set to widen to $1 trillion by fiscal year 2020, two years sooner than previously estimated,...
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 CONGRESSIONAL BUDGET OFFICE has estimated that the United States budget deficit will surpass $1 trillion by 2020. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. budget deficit to balloon to $1 trillion by 2020, CBO...

NEW YORK - The United States budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and...

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