WASHINGTON — The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits.
The Treasury Department reported Thursday that the federal government ran up a record October deficit of $284.1 billion, double the red ink […]
WASHINGTON — New, eye-popping federal budget figures released Thursday show an enormous $3.1 trillion deficit in the just-completed fiscal year, a record swelled by coronavirus relief spending that pushed the tally of red ink to three times that of last […]
WASHINGTON — The U.S. trade deficit rose in August to the highest level in 14 years.
The Commerce Department reported Tuesday that the gap between the goods and services the United States sells and what it buys abroad climbed 5.9% in […]
WASHINGTON — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday.
The ocean of red ink is a product of the government’s massive spending to […]
WASHINGTON — The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.
The Commerce Department reported that the July deficit, the gap between what America buys and what […]
WASHINGTON — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional […]
SILVER SPRING, Md. — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday.
The nation’s budgetary shortfall is expected to eventually reach levels for […]
WASHINGTON — The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
The Treasury Department reported Monday that the […]
WASHINGTON — A recession caused by the coronavirus pandemic and a government spending spree on testing, health care and aid to businesses and households will nearly quadruple the federal budget deficit to $3.7 trillion, the Congressional Budget Office said Friday.
Among the legacies of […]
Biden Vows Enough Vaccine For All U.S. Adults By End Of May 
U.S. Advisers Endorse Single-Shot COVID-19 Vaccine From J&J 
Biden Surveys Weather Harm, Encourages Virus Shots In Texas 
Ta-Nehisi Coates To Write New ‘Superman’ Film 
In The Thicke Of It, Robin Finds The Light 
Mary Wilson, Longest-Reigning Original Supreme, Dies At 76 
Cuomo Avoids Public Amid Outcry Over Harassment Allegations 
Budget Nominee Tanden Withdraws Nomination Amid Opposition 
Biden Urges Senate Dems To Rally Behind $1.9T Virus Bill Copyright © 2021 Front Street. All Rights Reserved.