U.S. budget deficit hits $984 billion, highest in 7 years
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.
Watch 9:04
A scientific approach to evaluating global anti-poverty programs
In Ethiopia, over a quarter of the population survives on less than two dollars a day. International organizations and foreign governments provide funds to address the rampant poverty in this country and others, but little data is available to assess…
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…
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…
A hard-won budget and debt deal easily cleared the Senate on Thursday, powered by President Donald Trump's endorsement and a bipartisan drive to cement recent spending increases for the Pentagon and domestic agencies.
The administration argues that the budget doesn't cut Medicare benefits to seniors but makes better use of taxpayers' dollars and helps reduce Medicare spending by lowering prescription drug costs.
The higher deficit reflected greater spending in areas such as Social Security, defense and interest payments on the national debt. Meanwhile, the government collected lower taxes from individuals and corporations, reflecting the impact of the $1.5 trillion tax cut President…
The most recent 35-day government shutdown marked the 21st time the federal government has shuttered in 42 years.
With the close of the government's fiscal year, numbers out this week show the federal budget deficit taking a 17 percent jump from 2017, despite significant economic growth. John Yang takes a closer look into the data and speaks with…
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