Government budget deficits

October 20, 2017 - 2:07 pm
WASHINGTON (AP) — The Trump administration says the federal budget deficit rose to $666 billion in the just-completed budget year, an $80 billion spike over last year. The word comes as Republicans controlling Washington are moving quickly to draft a rewrite of the tax code that could add up to $1...
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Senate Majority Leader Mitch McConnell, R-Ky., walks from the chamber to his office during a long series of votes at the Capitol in Washington, Thursday, Oct. 19, 2017. (AP Photo/J. Scott Applewhite)
October 19, 2017 - 9:35 pm
WASHINGTON (AP) — Republicans on Thursday muscled a $4 trillion budget through the Senate in a major step forward for President Donald Trump's ambitious promise of "massive tax cuts and reform." The 51-49 vote sets the stage for debate later this year to dramatically overhaul the U.S. tax code for...
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FILE - This Feb. 2, 2015, file photo, depicts a part of a U.S. $100 bill. The federal government ran a $668 billion budget deficit for the just-completed 2017 fiscal year. That’s $82 billion more red ink than the government produced last year. That’s the word from the Congressional Budget Office based on preliminary Treasury reports. (AP Photo/Jon Elswick, File)
October 06, 2017 - 6:58 pm
WASHINGTON (AP) — The federal government ran a $668 billion budget deficit for the just-completed 2017 fiscal year, according to a new government report. That's $82 billion more red ink than the government produced last year. The Congressional Budget Office based its findings on preliminary...
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FILE - In this Saturday, Aug. 12, 2017 file photo, President Donald Trump holds the Veteran's Affairs Choice and Quality Employment Act of 2017 after signing it at Trump National Golf Club in Bedminister, N.J. Standing with Trump is Veterans Affairs Secretary David Shulkin, left. Weeks after receiving emergency aid in August 2017, the Department of Veterans Affairs is cautioning that the private-sector health program backed by Trump could run low again on money sooner than expected, threatening to disrupt care for hundreds of thousands of veterans in two months. (AP Photo/Pablo Martinez Monsivais)
September 28, 2017 - 8:52 am
WASHINGTON (AP) — Sen. John McCain is demanding a full accounting from the Department of Veterans Affairs on the financial status of its private-sector health care program after the agency said it could face another budget shortfall as soon as December. The Associated Press reported this week that...
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FILE - In this June 21, 2013, file photo, the seal affixed to the front of the Department of Veterans Affairs building in Washington. A House committee unveiled a disputed plan July 21, 2017, to allow the Department of Veterans Affairs to shift $2 billion from other programs to cover a sudden budget shortfall that could threaten medical care for thousands of patients in the coming weeks.(AP Photo/Charles Dharapak, File)
July 22, 2017 - 2:45 pm
WASHINGTON (AP) — Eight major veterans' organizations on Saturday urged Congress to provide emergency money to the Department of Veterans Affairs without cutting other VA programs as the House moved quickly to address a budget shortfall that threatened medical care for thousands of patients. Their...
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FILE - In this May 24, 2017, file photo, Budget Director Mick Mulvaney testifies on Capitol Hill in Washington, before the House Budget Committee hearing on President Donald Trump's fiscal 2018 federal budget. The White House says worsening tax revenues will cause the budget deficit to jump to $702 billion this year. That's a $99 billion spike from what was predicted less than two months ago. The report from the Office of Management and Budget comes on the heels of a Congressional Budget Office analysis that scuttled White House claims that its May budget would balance the federal ledger within 10 years. (AP Photo/Jacquelyn Martin, File)
July 14, 2017 - 5:27 pm
WASHINGTON (AP) — The White House said Friday that worsening tax revenues will cause the budget deficit to jump to $702 billion this year. That's a $99 billion spike from what was predicted less than two months ago. The report from the Office of Management and Budget comes on the heels of a rival...
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July 14, 2017 - 5:23 pm
WASHINGTON (AP) — The White House said Friday that worsening tax revenues will cause the budget deficit to jump to $702 billion this year. That's a $99 billion spike from what was predicted less than two months ago. The report from the Office of Management and Budget comes on the heels of a rival...
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Health and Human Services Secretary Tom Price, left, shakes hands with Veterans Affairs Secretary David Shulkin before the start of a meeting of the President's Commission on Combating Drug Addiction and the Opioid Crisis, Friday, June 16, 2017, in the Eisenhower Executive Office Building at the White House complex in Washington. (AP Photo/Susan Walsh)
June 21, 2017 - 5:14 pm
WASHINGTON (AP) — The Department of Veterans Affairs was scolded by both parties over its budget Wednesday as lawmakers scurried to find a fix to an unexpected shortfall of more than $1 billion that would threaten medical care for thousands of veterans in the coming months. Under repeated...
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FILE - In this Nov. 8, 2016 file photo, Rep. Raul Labrador, R-Idaho, talks in Boise, Idaho. Republicans relentlessly complained about big budget deficits during Democrat Barack Obama’s two terms, but now a growing number in the GOP are pushing for deep tax cuts even if it adds to the government’s $20 trillion debt. (AP Photo/Otto Kitsinger, File)
May 09, 2017 - 2:44 pm
WASHINGTON (AP) — Republicans relentlessly complained about big budget deficits during Democratic President Barack Obama's two terms, but now a growing number in the GOP are pushing for deep tax cuts even if they add to the government's $20 trillion debt. President Donald Trump says he is pushing...
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May 09, 2017 - 2:42 pm
WASHINGTON (AP) — Republicans relentlessly complained about big budget deficits during Democratic President Barack Obama's two terms, but now a growing number in the GOP are pushing for deep tax cuts even if they add to the government's $20 trillion debt. President Donald Trump says he is pushing...
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