Government budget deficits

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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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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