Government budget deficits

FILE- This March 5, 2018, file photo show the East Front of the U.S. Capitol at sunset in Washington. On Friday, Aug. 10, the Treasury Department releases federal budget data for July. (AP Photo/Alex Brandon, File)
August 10, 2018 - 2:02 pm
WASHINGTON (AP) — The federal government recorded a $76.9 billion deficit in July, with increased government spending and tax cuts keeping the country on track to record its biggest annual deficit in six years. The Treasury Department reports that in the first 10 months of this budget year, the...
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July 30, 2018 - 4:22 pm
WASHINGTON (AP) — The Treasury Department announced Monday the federal government plans to borrow $329 billion in the current July-September quarter. That's the highest third-quarter figure in eight years, as the government faces rising borrowing needs due to higher budget deficits. Treasury said...
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FILE - In this June 15, 2018, file photo, the Capitol is seen in Washington. On Thursday, July 12, the Treasury Department releases federal budget data for June. (AP Photo/J. Scott Applewhite, File)
July 12, 2018 - 2:59 pm
WASHINGTON (AP) — The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped sharply compared to a year ago. The Treasury Department reported Thursday that the June deficit pushed the imbalance so far this year to $...
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FILE- In this Jan. 30, 2018, file photo, several ship to shore cranes work a vessel at the Georgia Ports Authority's Port of Savannah loading and unloading container in Savannah, Ga. On Thursday, June 14, the International Monetary Fund issues its annual assessment of the U.S. economy at a news conference with IMF Managing Director Christine Lagarde. (AP Photo/Stephen B. Morton, File)
June 14, 2018 - 4:38 pm
WASHINGTON (AP) — The International Monetary Fund said Thursday that tax cuts will help fuel the U.S. economy this year and next. But it warned that growth after that will slide to levels just half of what the Trump administration is forecasting. In its annual assessment of the U.S. economy, the...
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May 24, 2018 - 3:42 pm
WASHINGTON (AP) — The nonpartisan Congressional Budget Office said Thursday that President Donald Trump's budget plan won't curb the spiraling deficit as it claims. Trump's budget, released in February and mostly ignored since, promises spending cuts and economic growth that would cut the deficit...
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May 11, 2018 - 4:11 pm
WASHINGTON (AP) — House Democrats are criticizing Republicans for rushing to vote on President Donald Trump's plan to roll back $15 billion in previously approved spending for children's health insurance and other programs. GOP leaders say lawmakers could vote as soon as next week on the plan to "...
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May 10, 2018 - 2:00 pm
WASHINGTON (AP) — The federal government swung to a surplus of $214.3 billion in April, primarily reflecting the revenue from that month's annual tax filing deadline. The Treasury Department reported Thursday that last month's surplus increased 17.4 percent from a year ago. The April surplus...
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May 08, 2018 - 12:11 am
WASHINGTON (AP) — The Trump administration is unveiling a multibillion-dollar roster of proposed spending cuts but is leaving this year's $1.3 trillion catchall spending bill alone. The cuts wouldn't have much impact, however, since they come from leftover funding from previous years that wouldn't...
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April 11, 2018 - 2:04 pm
WASHINGTON (AP) — The federal government recorded a budget deficit of $208.7 billion in March, an increase of more than $32 billion from a year ago as revenues slipped and expenditures climbed. The Treasury Department reports that the February deficit was 18.4 percent higher than a year ago,...
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In this March 14, 2018 photo, U.S. Navy personnel respond to a F/A-18 Super Hornet that crashed on its approach to Naval Air Station Key West in Florida. Both the pilot and weapons system officer ejected and were recovered, but U.S. Naval Air Forces reported late Wednesday night that both had died. (Rob O'Neal/The Key West Citizen via AP)
March 15, 2018 - 11:22 pm
WASHINGTON (AP) — The Pentagon acknowledged Thursday that budget shortfalls have eroded military capabilities, including training and flight hours, but stopped short of blaming those cutbacks for the crash of a U.S. Navy fighter jet that killed both crew members. Dana White, Pentagon spokeswoman,...
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