WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday.
The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years.
The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years. In its monthly budget report, the Treasury Depart
With one month to go in the 2020 budget year, which ends Sept. 30, the deficit could go even higher. The Congressional Budget Office is forecasting the deficit this year will hit a record US$3.3 trillion. However, the government often runs surpluses in September so it is possible the fin...
For just the month of December, the deficit totaled a record $143.6 billion. The shortfall for the 2020 budget year, which ended Sept. 30, climbed to an all-time high of $3.1 trillion. Beginning in the spring, Congress passed trillion-dollar-plus spending measures to combat the harm being...
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SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday.
US budget deficit: Finding solutions.(USA)The US budget deficit is surging and is likely to remain high for years unless Congress finds solutions. Some financial experts say that remedies will have to include new taxes.Trumbull, Mark
The Congressional Budget Office said it expected the budget deficit to swell to $804bn this year, some $242bn more than it projected last summer. The gap between spending and receipts would expand to just over $1tn by 2020, also over $200bn higher than previously predicted, with the defic...
Trump has options to mitigate the rising US budget deficit While the long-term trajectory of the fiscal debt will probably remain a concern, there are some potential incremental actions the incoming president could take October 19 2024 Michael Strain ...