Bill Taylor
George Kent
Marie Yovanovitch
U.S. budget deficit surges to $134.5 billion in October
The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record.
U.S. budget deficit hits $984 billion, highest in 7 years
The surge reflected such factors as revenue lost from the 2017 Trump tax cut and a budget deal that added billions in spending for military and domestic programs.
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Why skyrocketing federal debt will mean the next recession is harder to overcome
The Congressional Budget Office says the U.S. deficit is reaching its highest levels since the end of World War II, when considered as a share of the total economy. In the next decade, it's projected to grow by $800 billion…
U.S. deficit expected to exceed $1 trillion next year
The first projections are the first to take into account the big budget deal that President Donald Trump and Congress reached this summer.
The Senate passed a new budget bill Thursday, delivering a rare bipartisan legislative agreement. But critics say the spending it allocates and its temporary suspension of the debt ceiling represent runaway spending and fiscal irresponsibility. Lisa Desjardins joins Judy Woodruff…
President Trump and top congressional Democrats have agreed to a new two-year budget deal that will raise spending on both domestic and military programs and suspend debt ceiling limits until after the 2020 election. Lisa Desjardins joins Amna Nawaz to…
The Treasury Department said Wednesday that the budget deficit from October through December totals $318.9 billion, up from a deficit of $225 billion for the same three months in the previous year.
Corporations paid $205 billion in taxes during fiscal year 2018, $92 billion less than the year before.
The Treasury Department said Monday that the deficit climbed $113 billion from fiscal year 2017.
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