Government budget deficits

August 21, 2019 - 11:20 am
WASHINGTON (AP) — The Congressional Budget Office is upping its projections for this year's federal deficit by $63 billion and increasing its forecast for deficits over the next decade by $809 billion. Deficits exceeding $1 trillion will kick in beginning next year and will average about $1.2...
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FILE - This April 18, 2019, file photo shows the dome of the U.S. Capitol in Washington. On Friday, April 10, the Treasury Department releases federal budget data for April. (AP Photo/Patrick Semansky, File)
May 10, 2019 - 1:42 pm
WASHINGTON (AP) — The federal government recorded a $160.3 billion surplus in April as revenues for the month jumped to an all-time high. But even with a flood of tax receipts, the deficit so far this year is running 37.7% higher than a year ago. The Treasury Department reported Friday that the...
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May 09, 2019 - 2:18 pm
WASHINGTON (AP) — President Donald Trump's budget plan would produce significantly larger budget deficits than promised when it was released in March, mostly because its estimates of economic growth are too rosy, according to a new nonpartisan analysis Thursday. The Congressional Budget Office...
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FILE- In this March 30, 2019, file photo the Dome of the U.S. Capitol Building is visible as cherry blossom trees bloom on the West Lawn in Washington. On Wednesday, April 10, the Treasury Department releases federal budget data for March. (AP Photo/Andrew Harnik, File)
April 10, 2019 - 1:15 pm
WASHINGTON (AP) — The federal government reported a $146.9 billion deficit in March, causing annual debt to rise 15% for the first half of the budget year compared to the same period in 2018. The Treasury Department said Wednesday in its monthly report that the fiscal year deficit has so far...
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FILE- In this Feb. 22, 2019, file photo the dome of the U.S. Capitol Building is visible in reflection in Washington. On Friday, March 22, the Treasury Department releases federal budget data for February. (AP Photo/Andrew Harnik, File)
March 22, 2019 - 1:25 pm
WASHINGTON (AP) — A senior Senate Republican Friday unveiled a five-year budget plan that would modestly curb budget deficits that would otherwise soon breach $1 trillion, while rejecting President Donald Trump's gimmick of using war funding to sustain big increases for the Pentagon. Budget...
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FILE- In this Feb. 22, 2019, file photo the dome of the U.S. Capitol Building is visible in reflection in Washington. On Friday, March 22, the Treasury Department releases federal budget data for February. (AP Photo/Andrew Harnik, File)
March 22, 2019 - 1:10 pm
WASHINGTON (AP) — The federal government posted a record budget deficit in February, pushing the overall deficit for the first five months of the budget year up 39 percent from a year ago. The Treasury Department says in its monthly report that the deficit hit an all-time high for February of $234...
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In this March 6, 2019, photo, President Donald Trump speaks in the Oval Office of the White House in Washington. The federal budget deficit is ballooning on Trump’s watch and few in Washington seem to care. And the political dynamics that enabled bipartisan deficit-cutting deals decades ago has disappeared. That’s the reality that will greet Trump’s latest budget, which probably will promptly be shelved after it’s received by Congress on Monday. (AP Photo/Jacquelyn Martin)
March 10, 2019 - 7:34 am
WASHINGTON (AP) — The federal budget deficit is ballooning on President Donald Trump's watch and few in Washington seem to care. And even if they did, the political dynamics that enabled bipartisan deficit-cutting deals decades ago has disappeared, replaced by bitter partisanship and chronic...
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FILE- In this Oct. 26, 2018, file photo the rising sun silhouettes the U.S. Capitol dome at daybreak in Washington. A new government report says that the U.S. budget deficit is set to hit $897 billion this year and predicts that economic growth will slow as the effects of President Donald Trump’s tax cut on business investment begin to drop off. (AP Photo/Alex Brandon, File)
January 28, 2019 - 10:15 am
WASHINGTON (AP) — The federal government shutdown will cause slight permanent harm to the economy — about $3 billion — according to a report Monday by the Congressional Budget Office. The report says the five-week shutdown has slowed growth in the near term but that most of the lost growth "will...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici, left, and European Commissioner for Euro and Social Dialogue Valdis Dombrovkis participate in a media conference at EU headquarters in Brussels, Wednesday, Dec. 19, 2018. The European Commission says it has reached an agreement with Italy to avert action over the country's budget plans, which the EU's executive arm had warned could break euro currency rules. (AP Photo/Virginia Mayo)
December 19, 2018 - 8:04 am
BRUSSELS (AP) — The European Commission said Wednesday it has reached an agreement with Italy on its budget plans, which the EU's executive arm had warned could break the euro's rules and lead to legal action. European Commission Vice President Valdis Dombrovskis said the "agreement is not ideal"...
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December 17, 2018 - 6:04 am
LONDON (AP) — Britain's Office of National Statistics says it is changing the way it accounts for student loans in a decision that will add 12 billion pounds ($15 billion) to the country's budget deficit. The statistics agency said in a statement Monday that the design of the system means much of...
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