Government budget deficits

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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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In this Monday, Oct. 30, 2017, photo, Jihad Azour, International Monetary Fund Director of the Middle East and Central Asia talks with the Associated Press reporter at the Dubai International Financial Center in Dubai, United Arab Emirates. (AP Photo/Kamran Jebreili)
October 31, 2017 - 4:34 am
DUBAI, United Arab Emirates (AP) — The Middle East's oil producers are bracing for continued pressure from lower oil prices, with the International Monetary Fund projecting cumulative budget deficits of $320 billion over the next five years, according to a new report released on Tuesday...
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In this Sept. 26, 2017 photo, Rep. Kevin Brady, R-Texas, right, listens as President Donald Trump speaks during a meeting with members of the House Ways and Means committee in the Roosevelt Room of the White House in Washington. Brady says he’s discussing the 401(k) issue with President Donald Trump, who earlier this week shot down the possibility of changes to the popular savings program. (AP Photo/Evan Vucci)
October 26, 2017 - 9:26 am
WASHINGTON (AP) — Republican leaders Thursday scrambled to overcome pockets of resistance in order to muscle through a GOP budget plan that would pave the way for a 10-year, $1.5 trillion tax cut measure that's now the highest priority of President Donald Trump and his GOP allies. A close vote is...
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