Tag: U.S. budget deficit
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,...
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...
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...
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...
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...
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,...
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 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...