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 — 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 […]
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 U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago, putting the country on track to record its first $1 trillion deficit since 2012.
The Treasury […]
WASHINGTON — The Democratic-controlled House is voting Tuesday on a $1.4 trillion government-wide spending package with an unusually large load of unrelated provisions on the must-do legislation.
The package, some 2,313 pages long, was unveiled Monday as lawmakers prepared to […]
WASHINGTON — The bipartisan budget deal announced in Congress protects access to health care under the Affordable Care Act but it also ditches one of that law’s main cost controls.
The deal would repeal a cost-control measure in “Obamacare” known […]
WASHINGTON — Senior lawmakers announced a tentative agreement Thursday on an almost $1.4 trillion government-wide spending bill that would stave off a federal shutdown next weekend and split the differences on a number of contentious issues.
The handshake agreement was announced […]
WASHINGTON — The U.S. budget deficit rose by 2% last month to $209 billion, another step in a journey back toward $1 trillion-a-year budget shortfalls.
The Treasury Department reported Wednesday that the federal government took in $225 billion in tax and […]
WASHINGTON — The federal deficit for the 2019 budget year surged to $984.4 billion, its highest point in seven years, and is widely expected to top the $1 trillion mark in coming years.
The 26% surge from the 2018 deficit […]
WASHINGTON — The House passed a short-term bill Thursday to prevent a federal shutdown when the budget year ends Sept. 30, and give lawmakers until the Thanksgiving break to negotiate and approve $1.4 trillion for federal agencies.
The Senate is expected […]
WASHINGTON — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this […]
WASHINGTON — As a presidential candidate, Donald Trump promised not to cut Social Security, Medicare, or Medicaid. Once in the White House, Trump reneged on his Medicaid promise, and now he’s being criticized for proposing steep Medicare payment cuts […]
WASHINGTON — President Donald Trump proposed a record $4.7 trillion federal budget for 2020 on Monday, relying on optimistic 3.1 percent economic growth projections alongside accounting shuffles and steep domestic cuts to bring future spending into promised balance in […]
WASHINGTON — 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 […]
WASHINGTON — Even before seeing a final deal or agreeing to seal it, President Donald Trump labored on Wednesday to frame the congressional agreement on border security as a political win, never mind that it contains only a fraction […]
SACRAMENTO, Calif. — California Gov. Gavin Newsom proposed a $144 billion general fund budget in his first spending plan Thursday, up 4 percent from the current year.
The new governor’s budget includes $13.6 billion to build the state’s reserves and to […]
WASHINGTON — The Trump administration is weighing using a national emergency declaration to circumvent Congress and the budget stalemate and force construction of the president’s long-promised southern border wall.
“We’re looking at a national emergency because we have a national emergency,” […]
WASHINGTON — With no shutdown resolution in sight, President Donald Trump and Democratic leaders agreed Friday to additional staff-level talks over the weekend during a White House meeting at which Trump indicated he could keep parts of the government closed […]
WASHINGTON — With no shutdown resolution in sight, Democratic leaders urged President Donald Trump to reopen the government Friday in a White House meeting during which they said he indicated he could keep it closed for “months or even years.”
Trump […]
WASHINGTON — No one budged at President Donald Trump’s closed-door meeting with congressional leaders Wednesday, so the partial government shutdown persisted through Day 12 over his demand for billions of dollars to build a wall along the U.S. border with […]
WASHINGTON — President Donald Trump said Wednesday the partial government shutdown will last “as long as it takes” as closures entered a 12th day over his demands for billions of dollars from Congress to build a border wall with Mexico.
“Could […]
WASHINGTON — President Donald Trump is, at once, demanding billions of dollars from the U.S. treasury for a border wall and insisting the wall won’t really cost America anything.
As he’s done before, Trump argued Wednesday that Mexico is footing the […]
WASHINGTON — President Donald Trump said his Homeland Security officials will “make a plea” for the border wall with Mexico during a briefing for congressional leaders Wednesday at the White House as the partial government shutdown over his demand for […]
WASHINGTON — President Donald Trump invited congressional leaders from each chamber to a White House briefing on border security Wednesday as the partial government shutdown wore on over funding for a border wall, with Trump tweeting: “Let’s make a deal?”
The […]
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