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.
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Is the GOP tax bill fiscally responsible?
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 Clinton and Trump propose for Social Security and Medicare
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.
The Federal Reserve is nearing the final drawdown of its quantitative easing program, which, in several ways, has helped reduce the budget deficit. But has that really been such a free lunch, asks economist Terry Burnham?…
WASHINGTON — The White House says this year's budget deficit will drop to $583 billion, the lowest level of President Barack Obama's tenure.
