Government budget deficits

Office of Management and Budget Acting Director Russell Vought testifies before the House Budget Committee on Capitol Hill in Washington, Tuesday, March 12, 2019, during a hearing on the fiscal year 2020 budget. (AP Photo/Susan Walsh)
March 12, 2019 - 11:54 am
WASHINGTON (AP) — The White House's top budget official acknowledged Tuesday that the federal deficit is ballooning to $1.1 trillion alongside the Republican tax plan but vowed the fiscal picture would improve as a result of projected economic growth. Russ Vought, acting director of the Office of...
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President Donald Trump's 2020 budget outline arrives on Capitol Hill at the House Budget Committee, in Washington, Monday morning March 11, 2019. Trump's new budget calls for billions more for his border wall, with steep cuts in domestic programs but increases for military spending. (AP Photo/J. Scott Applewhite)
March 11, 2019 - 6:35 pm
WASHINGTON (AP) — President Donald Trump proposed a record $4.7 trillion budget on Monday, pushing the federal deficit past $1 trillion but counting on optimistic growth, accounting shuffles and steep domestic cuts to bring future spending into balance in 15 years. Reviving his border wall fight...
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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 - 8:34 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 Jan. 24, 2019, file photo the Washington Monument is visible through a window of the U.S. Capitol building at sunset on Capitol Hill in Washington. On Wednesday, Feb. 13, the Treasury Department releases federal budget data for December. (AP Photo/Andrew Harnik, File)
February 13, 2019 - 3:51 pm
WASHINGTON (AP) — The federal budget deficit in December totaled $13.5 billion, helping to push the deficit for the first three months of this budget year up 41.8 percent from the same period the previous year. The Treasury Department said Wednesday that the budget deficit from October through...
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White House chief economic adviser Larry Kudlow speaks during a press briefing at the White House, Monday, Jan. 28, 2019, in Washington. (AP Photo/ Evan Vucci)
January 28, 2019 - 4:14 pm
WASHINGTON (AP) — The Latest on the Congressional Budget Office predicting that economic growth will slow (all times local): 4:05 p.m. The director of the National Economic Council is rejecting a Congressional Budget Office assessment showing slowed growth following a five-week government shutdown...
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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 - 11:35 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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December 17, 2018 - 7:04 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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FILE- In this Oct. 26, 2018, file photo the rising sun silhouettes the U.S. Capitol dome at daybreak in Washington. The Treasury Department issues a report Tuesday, Nov. 13, on how much money Uncle Sam took in and paid out last month. (AP Photo/Alex Brandon, File)
November 13, 2018 - 3:04 pm
WASHINGTON (AP) — The federal government recorded a deficit of $100.5 billion in October, a big increase from a year ago that was primarily caused by quirks in the calendar. The Treasury Department said Tuesday that the deficit shot up 59 percent from the same month a year ago. Last year's October...
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November 13, 2018 - 2:48 am
DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday. However,...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici presents the Autumn 2018 economic forecast at EU headquarters in Brussels, Thursday, Nov. 8, 2018. (AP Photo/Olivier Matthys)
November 08, 2018 - 7:04 am
Economic growth across the 19-country eurozone is set to slow down further in coming years and become increasingly reliant on domestic factors like consumer spending, the European Union said Thursday. In its latest economic projections, the EU's executive Commission said eurozone growth this year...
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