Economy Jul 01 CBO projects federal deficit will hit $3 trillion this year By Martin Crutsinger, Associated Press
Economy May 27 Biden budget to run $1.8 trillion deficit to finance spending plans The whopping deficit projections are being driven by Biden's costly plans for infrastructure and social spending, along with major new investments in domestic Cabinet agencies. By Andrew Taylor, Associated Press
Economy Oct 16 U.S. budget deficit hits all-time high of $3.1 trillion The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic cut revenues and sent spending soaring. By Martin Crutsinger, Associated Press
Economy Oct 08 COVID-19 relief pushes U.S. budget deficit to a record $3.1 trillion The massive figures were expected but still stunning, more than double the previous deficit record of $1.4 trillion that was registered during former President Barack Obama's first year in office. By Andrew Taylor, Associated Press
Nation May 12 U.S. government sees record monthly deficit of $737.9 billion The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. By Martin Crutsinger, Associated Press
Jul 12 U.S. budget deficit totals $74.9 billion in June By Martin Crutsinger, Associated Press WASHINGTON — The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped sharply compared to a year ago. Continue reading
Oct 26 Everything you need to know about the federal debt limit By Andrew Taylor, Associated Press With one week to go, Congress must act fast and come up with a way to raise the federal borrowing limit or face an unprecedented government default. 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
Feb 23 Watch Obama’s Vow to Halve Deficit Puts Focus on Budget Plan President Barack Obama cast a new focus on the budget deficit Monday, announcing a goal of halving the $1.3 trillion gap by the end of his first term. Analysts weigh the goal. Continue watching
Jan 29 Watch Stimulus Package May Yield Mixed Economic Results President Barack Obama's $819 billion stimulus proposal now heads to the Senate with little GOP support. Economists examine whether the proposed measure can succeed at its goals. Continue watching