Government budget deficits

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...
Read More
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...
Read More
December 12, 2017 - 2:00 pm
WASHINGTON (AP) — The federal government collected a record amount of tax income for the month of November and also had a record level of spending for the month, producing a budget deficit of $138.5 billion, up slightly from a year ago. The Treasury Department says the November deficit was 1.4...
Read More
FILE- In this Nov. 30, 2017, file photo, with reporters looking for updates, Sen. Susan Collins, R-Maine, and other senators rush to the chamber to vote on amendments as the Republican leadership works to craft their sweeping tax bill in Washington. Collins said she is confident President Donald Trump and Senate Majority Leader Mitch McConnell will ensure passage of two bills aimed at shoring up the insurance markets, a demand she made before supporting the Republican tax overhaul. (AP Photo/J. Scott Applewhite, File)
December 11, 2017 - 2:00 pm
WASHINGTON (AP) — The Treasury Department just gave Republicans ammunition that their tax cuts would pay for themselves. But the one-page memo relies on a mathematical gimmick: It includes an assumption that tax cuts and other Trump administration policies would cause the economy to expand at a 2.9...
Read More
December 05, 2017 - 11:30 am
WASHINGTON (AP) — In a story Dec. 5 about taxes, The Associated Press reported erroneously the name of the Committee for a Responsible Federal Budget. A corrected version of the story is below: Those tax breaks in the GOP plan? Enjoy them while they last Those tax breaks in the GOP plan? Enjoy them...
Read More
President Donald Trump is greeted with a salute as he walks down the steps of Air Force One at John F. Kennedy International Airport in New York, Saturday, Dec. 2, 2017. Trump is in New York to attend a series of fundraisers. (AP Photo/Susan Walsh)
December 02, 2017 - 6:29 pm
WASHINGTON (AP) — Republicans muscled the largest tax overhaul in 30 years through the Senate early Saturday, taking a big step toward giving President Donald Trump his first major legislative triumph after months of false starts and frustration on other fronts. "Just what the country needs to get...
Read More
Senate Majority Leader Mitch McConnell of Ky., talks with the media after Senate Republicans met with President Donald Trump on Capitol Hill, Tuesday, Nov. 28, 2017, in Washington. (AP Photo/Alex Brandon)
November 29, 2017 - 9:32 pm
WASHINGTON (AP) — Conservative groups and lawmakers are lining up against a proposal by Senate Republicans to impose automatic tax increases on millions of Americans — if their sweeping tax package doesn't grow the economy and raise tax revenues as much as projected. The opposition comes as the tax...
Read More
Senate Finance Committee member Sen. Tim Scott, R-S.C., front, with, from left, Sens. Patrick Toomey, R-Pa., John Cornyn, R-Texas, and Chairman Orrin Hatch, R-Utah, speaks to reporters following a meeting with President Donald Trump at the White House in Washington, Monday, Nov. 27, 2017. (AP Photo/Manuel Balce Ceneta)
November 28, 2017 - 4:22 pm
WASHINGTON (AP) — A key Senate committee advanced a sweeping tax package to the full Senate on Tuesday, handing Republican leaders a victory as they try to pass the nation's first tax overhaul in 31 years. The Senate Budget Committee voted 12-11 to advance the bill as two committee Republicans who...
Read More
Britain's Chancellor of the Exchequer Philip Hammond waves and poses for the media as he holds up the traditional red dispatch box, outside his official residence 11 Downing Street, before delivering his annual budget speech to Parliament, in London, Wednesday, Nov. 22, 2017. As Britain's Chancellor of the Exchequer Phillip Hammond reveals his budget to the nation, he is under pressure to ease austerity in spending plans but also needs to preserve the country's finances as Britain braces for the shock of leaving the European Union. (AP Photo/Frank Augstein)
November 22, 2017 - 11:24 am
LONDON (AP) — Britain's Treasury chief has outlined cautious spending plans to a nation bracing for the shock of leaving the European Union, amid a stream of worsening of economic forecasts that hampered room for giveaways. Philip Hammond revealed the deteriorating outlook in his annual budget...
Read More
FILE - This Thursday, June 8, 2017, file photo shows the U.S. Treasury Department building in Washington. On Monday, Nov. 13, 2017, the Treasury Department releases federal budget data for October. (AP Photo/Pablo Martinez Monsivais, File)
November 13, 2017 - 2:04 pm
WASHINGTON (AP) — The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago. The Treasury Department says the October deficit was 37.9 percent higher than the $45.8 billion deficit recorded in October 2016. Both government receipts and...
Read More

Pages