U.S. on track for first $1 trillion budget deficit since 2012
The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago.
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News Wrap: U.S. steps up screenings for novel coronavirus
In our news wrap Tuesday, U.S. health officials have ramped up efforts to contain the spread of a deadly virus outbreak that started in China. Twenty airports and other sites will now monitor for sick travelers; Sec. of Health and…
Federal Reserve chair urges Congress to address budget deficit
Jerome Powell is one of the few leading public figures urging Congress to reduce the federal government’s annual deficit, which is nearing $1 trillion.
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.
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.
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…
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…
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