Politics Aug 23 Biden administration forecasts $1.03 trillion deficit, down by nearly $400 billion By Fatima Hussein, Associated Press
Economy Sep 02 Budget deficit to hit record $3.3 trillion due to virus, recession The project deficit is more than triple the 2019 shortfall and more than double the levels experienced after the market meltdown and Great Recession of 2008-2009. By Andrew Taylor, Associated Press
Economy Apr 10 U.S. budget deficit totals $743.6 billion over past 6 months The Treasury Department reported Friday that the deficit from October, the start of the government's budget year, through March was $52.5 billion higher than the same period a year ago. By Martin Crutsinger, Associated Press
Economy 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…
Politics 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…
Mar 05 U.S. budget deficit up 77 percent so far this budget year By Martin Crutsinger, Associated Press 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… Continue reading
Jun 29 As deficit spikes, CBO says Congress must act on debt by October By Andrew Taylor, Associated Press A new government estimate says the drop-dead deadline for lawmakers to increase the government's borrowing limit is early to mid-October. Continue reading
Oct 07 CBO Says Health Bill Would Cost $829 Billion By Lea Winerman The Senate Finance Committee's health care reform plan would cost $829 billion over 10 years, but would meet President Barack Obama's goal of reducing the federal budget deficit by 2019, according to a cost estimate released Wednesday. Continue reading
Sep 18 Watch Greenspan Examines Federal Reserve, Mortgage Crunch In the first half of a two-part conversation, Jim Lehrer talks with former Federal Reserve Chairman Alan Greenspan about the recent actions of the Federal Reserve, the country's mortgage crunch and his new book, "The Age of Turbulence."… Continue watching