The US government ran an $85 billion budget deficit in December, according tothe Monthly Treasury Department Statement. That was much lower than November’s massive $248.5 billion shortfall, but don’t be deceived by the drop. December is typically a low deficit month. The relatively big shortf...
WASHINGTON (AP) — The federal government recorded a budget surplus in January. But so far this budget year, the total deficit is 77 percent higher than the same period a year ago. The Treasury Department said Tuesday that the deficit for the first four months of this budget year, which ...
which is higher than the gross domestic product (GDP) of the country itself. The surge in debt can be attributed to an increasing scope of government spending, which currently amounts to $1.1 trillion a year. Policy decisions, such as the size of the U.S. military budget ($842 billion...
(GDP) of the country itself. The surge in debt can be attributed to an increasing scope of government spending, which currently amounts to $1.1 trillion a year. Policy decisions, such as the size of the U.S. military budget ($842 billion) and the country's recent multi-trillion-dollar...
Check out what's clicking on Foxnews.com. The federal government's budget deficit for the first half of this budget year totaled $743.6 billion, up 7.6% from last year, and well on its way to topping $1 trillion even before the impacts of the coronavirus were felt. The Treasury ...
For the first three months of the 2020 budget year, revenues have totaled $806.5 billion, up 4.8% from the same three months a year ago, while government spending has totaled $948.9 billion, an increase of 6.3% from a year ago. Both the spending amounts and revenue amounts are records ...
Here are some of the key takeaways from today's budget Why you can trust Sky News Watch Next In full: Thursday's Politics Hub Budget 'will sort finances out' 'Immigration way too high' says Tory MP In full: Wednesday's Politics Hub Defence 'fundamental' to the govt In full:...
The $204.9 billion deficit last month was the biggest deficit ever recorded in November, a month when the government normally runs a deficit. Outlays were also a record in the month of November. Through the first two months of this budget year, revenues total $458.7 billion, 3.4 percent high...
Intending to out-compete China and making the United States militarily much stronger, the Joe Biden administration has proposed to increase the United States Department of Defense budget to a record high of $842 billion in fiscal 2024, up 3.2 percent over the previous fiscal. That makes it the...
WASHINGTON - The US federal government's total public debt has surpassed 35 trillion US dollars for the first time, as recorded at the end of last week, according to data released by the Treasury Department Monday. The total public debt outstanding climbed to 35 trillion dollars on Friday, ac...