Government budget deficits

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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March 12, 2018 - 2:17 pm
WASHINGTON (AP) — The federal government recorded a budget deficit of $215.2 billion in February, up significantly from a year ago as the impact of the GOP tax cuts passed in December begin to surface. The Treasury Department reports that the February deficit was 12.1 percent higher than a year ago...
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March 02, 2018 - 9:53 am
WASHINGTON (AP) — A new Washington report warns that trillion-dollar budget deficits are returning next year and that $2 trillion-plus deficits are not far off in the wake of President Donald Trump's tax cuts and last month's big budget deal. The analysis by the Committee for a Responsible Federal...
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President Donald Trump speaks in the State Dining Room of the White House in Washington, Monday, Feb. 12, 2018, during a meeting with state and local officials about infrastructure. (AP Photo/Carolyn Kaster)
February 12, 2018 - 6:57 pm
WASHINGTON (AP) — President Donald Trump unveiled a $4.4 trillion budget plan Monday that envisions steep cuts to America's social safety net but mounting spending on the military, formally retreating from last year's promises to balance the federal budget. The president's spending outline for the...
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Sen. Rand Paul, R-Ky., walks to the Senate chamber, at the U.S. Capitol, Thursday, Feb. 8, 2018, in Washington.(AP Photo/Jose Luis Magana)
February 09, 2018 - 1:54 am
WASHINGTON (AP) — The Latest on Congress and spending legislation (all times local): 1:50 a.m. The Senate has passed a massive, bipartisan budget agreement and spending bill to reopen the shuttered federal government. The bill now moves to the House. Senators voted 71-28 to approve the deal, easily...
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House Speaker Paul Ryan of Wis., center, leaves the podium as he turns toward Rep. Mac Thornberry, chairman of the Armed Services Committee, left, after a news conference, Thursday, Feb. 8, 2018, on Capitol Hill in Washington. The Republican-led Congress on Thursday was rounding up support for a bipartisan budget bill that would put the government on track for annual deficits topping $1 trillion, a gap last seen toward the end of Obama's first term. (AP Photo/Jacquelyn Martin)
February 08, 2018 - 6:33 pm
WASHINGTON (AP) — Republicans rode the tea party wave to power eight years ago on a message of fiscal responsibility and attacking budget deficits, and kept at it during President Barack Obama's two terms. That was then. The Republican-led Congress on Thursday was rounding up support for a...
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Speaker of the House Paul Ryan, R-Wis., confers with Majority Leader Kevin McCarthy, R-Calif., right, during a news conference at the Capitol in Washington, Tuesday, Jan. 30, 2018. (AP Photo/J. Scott Applewhite)
January 30, 2018 - 8:05 pm
WASHINGTON (AP) — A week after a standoff forced a three-day government shutdown, congressional budget talks remain bogged down by Democrats' demands to protect "Dreamer" immigrants and GOP conservatives' concerns about a booming federal deficit. The deadlock is deflating hopes that lawmakers will...
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January 29, 2018 - 3:14 pm
WASHINGTON (AP) — With the government's budget deficit rising, the Treasury Department says it expects to borrow $441 billion in the current January-March quarter, the largest amount in eight years. The Treasury says this figure compares to actual borrowing of $282 billion in the October-December...
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FILE - In this Nov. 6, 2017 file photo photo provided by the Saudi Press Agency, King Salman attends a swearing in ceremony in Riyadh, Saudi Arabia. Saudi King Salman has delivered an annual speech outlining his government's priorities for the coming year on Wednesday, Dec. 13, 2017. Priorities include focusing on the economy and emphasizing the government's anti-corruption crackdown as the country prepares to distribute cash assistance to low-income families as part of a new welfare system ahead of more subsidy cuts. (Saudi Press Agency, via AP, File)
December 19, 2017 - 11:27 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia is preparing for the biggest budget in its history, announcing Tuesday record expenditures of 978 billion riyals ($261 billion) this coming fiscal year as the government forecasts a boost in revenue from the introduction of a sales tax, plans to...
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House Budget Committee Chair Diane Black, R-Tenn., arrives at the House Ways and Means Committee room to work with Chairman Kevin Brady, R-Texas, on the GOP tax bill conferee report, at the Capitol in Washington, Friday, Dec. 15, 2017. (AP Photo/J. Scott Applewhite)
December 15, 2017 - 6:59 pm
WASHINGTON (AP) — The Latest on Republican tax overhaul legislation (all times local): 6:45 p.m. The preliminary deficit estimate for the final version of the GOP tax bill says it would add $1.46 trillion to the budget deficit over the coming 10 years. The true deficit cost is likely to be even...
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