By MARTIN CRUTSINGER Published 7:48 AM GMT+8, January 14, 2020 Share 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 it...
The federal budget deficit hit an unprecedented $3 trillion in August, with another month to go before the end of the fiscal year, according to estimates from the Congressional Budget Office (CBO). That figure amounts to $1.9 trillion more than the same
Credit downgrades can cause interest rates to increase, making it more expensive for the federal government to service the national debt and further widen the existing budget deficit. GET FOX BUSINESS ON THE GO BY CLICKING HERE Akabas toldFOX Business, "The closer we get to the X ...
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 U.S. budget deficit was $95 billion at the end of July, down 3 percent from the same period last year, according to data released by the Treasury Department on Tuesday. Analysts polled by Reuters had expected a $96 billion deficit for last month. The deficit was $98 billion in Jul...
January, a month when both individuals and corporations make tax payments, has run surpluses in 26 of the past 65 years. The Congressional Budget Office is projecting that this year’s deficit will hit $897 billion, up 15.1 percent from the $779 billion deficit recorded last year. In the ...
The U.S. budget deficit soared to a record $864 billion in June, as federal revenues dried up and spending surged to help offset the economic pain of the coronavirus pandemic, according to a new report from the Treasury Department. The gap between what the government spent and wha...
The gap between spending and receipts would expand to just over $1tn by 2020, also over $200bn higher than previously predicted, with the deficit set to steadily grow from that level over the course of that decade. The new projections show the deficit exceeding $1tn two years sooner than...
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