U.S. Budget Deficit Widens to $984B in 2019
“The current levels of debt are unprecedented in peacetime during a growing economy, and the consequences of this irresponsible spending are unknown."
U.S. Budget Deficit Increases 23% in Nine Months
The budget gap could top $1 trillion for the full fiscal year.
U.S. Budget Gap Rises to $205B in November
“The budget picture is deteriorating as the U.S. taxes individuals and companies less and spends more, mostly on defense and benefit payments."
U.S. Budget Deficit Swells to $779B in FY 2018
The White House blames increased spending for the mounting deficit but its own data "suggest falling revenues were a far larger contributor."
U.S. Budget Deficit Widens to $77B in July
Increased government spending and tax cuts are “keeping the country on track to record its biggest annual deficit in six years."
U.S. Budget Deficit Widens to $208B in March
The U.S. government's rising debt "would have serious negative consequences for the budget and the nation," the CBO warned this week.
U.S. Budget Deficit Grows to $215 Billion
The February shortfall is an early indication of the effects of the GOP tax cuts, with withholding taxes falling 2%.
Tax Cuts: Be Careful What You Wish For
The short-term economic boost that the GOP-proposed tax cuts would generate wouldn't be sustainable without growth in the already-tight labor market.
CBO: Shutdown Looms If Debt Ceiling Isn’t Lifted
Projected budget deficits have also increased amid ‘surprisingly weak tax collections.’
Trade Gap Widens to Record $502B in 2016
The stronger dollar, larger federal budget deficits, and low national saving rates could force further widening in the trade deficit.
Trade Deficit: Don’t Worry. Budget Deficit: Worry
Donald Trump's threat to impose heavy tariffs on Mexico and China addresses a nonexistent problem. He should focus instead on the federal budget deficit.