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.
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 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…
U.S. budget deficit up 77 percent so far this budget year
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…
A new government estimate says the drop-dead deadline for lawmakers to increase the government's borrowing limit is early to mid-October.
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.
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."…
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