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Is new federal budget deal a short-term fix for a long-term problem?
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…
U.S. budget deficit running over 40 percent higher than last year
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.
Companies are paying less after the GOP tax cut, and it’s showing in the deficit
Corporations paid $205 billion in taxes during fiscal year 2018, $92 billion less than the year before.
Federal budget deficit surges to highest level in 6 years at $779 billion
The Treasury Department said Monday that the deficit climbed $113 billion from fiscal year 2017.
While Republicans are poised to pass a major tax bill, the party's focus on the deficit seems to be taking a backseat. Will their overhaul spur enough growth to bridge the debt gap, or are GOP lawmakers gambling with an…
What's in store for Social Security and Medicare?…
The disappointing figures, while expected, come after the deficit has steadily declined.
Congress' official budget analyst projected Tuesday that this year's federal deficit will drop to $426 billion, the lowest shortfall of Barack Obama's presidency.
Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday.
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