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House of Representatives consider U.S. President Donald Trump's sweeping tax-cut bill in Washington

Politics Jun 04

How Trump’s big bill will affect taxes, the deficit and health care, according to the budget office

By Lisa Mascaro, Associated Press

Politics May 10

California Governor Newsom and Australian Ambassador Rudd meet to sign climate pact
California governor aims to slash 10,000 vacant state jobs to help close $27.6 billion deficit

California Gov. Gavin Newsom says the state's budget deficit is $27.6 billion. The figure Newsom announced Friday is smaller than the deficit he anticipated in January.

By Adam Beam, Associated Press

Nation Oct 21

Newnew
Watch 1:21
News Wrap: U.S. budget deficit rises to $1.7 trillion in 2023 fiscal year

In our news wrap Saturday, new numbers from the U.S. Treasury Department showed the nation’s deficit has increased nearly 25 percent to $1.7 trillion in the last fiscal year, and at least four people have died in the torrential storm…

Politics May 12

California Gov.Gavin Newsom speaks during his meeting with Canada's Prime Minister Justin Trudeau at the California Science Center outside the Ninth Summit of the Americas, in Los Angeles, California, U.S. June 9, 2022. Photo by Lucy Nicholson/Reuters
California’s Gov. Newsom says state’s budget deficit has grown to nearly $32 billion

California Gov. Gavin Newsom said Friday the state's budget deficit has grown to nearly $32 billion. That's about $10 billion more than predicted in January, when the governor offered his first budget proposal.

By Adam Beam, Associated Press

World Feb 15

FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City
Watch 5:39
News Wrap: Congressional Budget Office offers bleak reassessment of U.S. economy

In our news wrap Wednesday, the Congressional Budget Office offered a bleak reassessment of the U.S. economy, a white supremacist was sentenced to life without parole for killing 10 black people in Buffalo last May, the Justice Department closed a…

May 04

WATCH: President Biden remarks on deficit progress in bid to counter critics

By Josh Boak, Fatima Hussein, Associated Press

President Joe Biden plans to highlight deficit reduction in remarks noting that the government will pay down the national debt this quarter for the first time in six years.

Continue reading

Dec 10

U.S. government deficit down 17 percent from same period a year ago

By Martin Crutsinger, Associated Press

The improvement reflected government revenues that have been rising at a faster pace than spending over the past two months.

Continue reading

Oct 22

U.S. budget deficit hits $2.77 trillion in 2021, second highest on record

By Martin Crutsinger, Associated Press

The Biden administration said Friday that the 2021 deficit, for the budget year that ended Sept. 30 was $360 billion lower than 2020 as a recovering economy boosted revenues, helping to offset government spending from pandemic relief efforts.

Continue reading

Apr 24

Coronavirus relief pushing U.S. deficits to staggering heights

By Andrew Taylor, Associated Press

A recession caused by the coronavirus pandemic and a burst of government spending will nearly quadruple the government’s budget deficit, the Congressional Budget Office said Friday.

Continue reading

Jan 16

U.S. Treasury announces it will begin selling new 20-year bond

By Martin Crutsinger, Associated Press

Faced with financing budget deficits topping $1 trillion annually, the Treasury is introducing a new 20-year bond.

Continue reading

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Full Episode
Saturday, Oct 4
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