Government budget deficits

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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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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