Government budget deficits

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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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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