Aug 12 U.S. budget deficit climbs to record $2.81 trillion By Matt Ott, Associated Press U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year. That exceeds any on record, and it's expected to eventually reach levels more than double the nation's largest recorded annual deficit. Continue reading
Feb 12 U.S. on track for first $1 trillion budget deficit since 2012 By Martin Crutsinger, Associated Press The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago. Continue reading
Jan 28 Watch 4:20 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… Continue watching
Nov 14 Federal Reserve chair urges Congress to address budget deficit By Christopher Rugaber, Associated Press 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. Continue reading
Nov 13 U.S. budget deficit surges to $134.5 billion in October By Martin Crutsinger, Associated Press 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. Continue reading
Oct 25 U.S. budget deficit hits $984 billion, highest in 7 years By Martin Crutsinger, Associated Press 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. Continue reading
Aug 22 Watch 6:25 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… Continue watching
Aug 21 U.S. deficit expected to exceed $1 trillion next year By Kevin Freking, Associated Press The first projections are the first to take into account the big budget deal that President Donald Trump and Congress reached this summer. Continue reading
Aug 01 Watch 5:01 The long-term debt implications of Senate’s new 2-year budget 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… Continue watching
Jul 23 Watch 3:14 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… Continue watching