Trump’s first annual budget deficit climbs to a six-year high

THE UNITED STATES budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president. The Treasury reported this month that the government paid $523 billion in total interest in fiscal 2018, the highest on record. / BLOOMBERG NEWS
THE UNITED STATES budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president. The Treasury reported this month that the government paid $523 billion in total interest in fiscal 2018, the highest on record. / BLOOMBERG NEWS
NEW YORK - The United States budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012 amid tax cuts and spending increases. The budget gap for the 12 months through September was 17 percent wider than the same 12-month period a year earlier, as spending rose 3.2…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -