Government budget deficits

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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Treasury Secretary Steve Mnuchin takes a question in the briefing room of the White House in Washington, Wednesday, April 26, 2017, where he discussed President Donald Trump tax proposals. (AP Photo/Andrew Harnik)
April 26, 2017 - 6:21 pm
WASHINGTON (AP) — Dismissing concerns about ballooning federal deficits, President Donald Trump on Wednesday proposed dramatic tax cuts for U.S. businesses and individuals — outlining an overhaul his administration promises will spur economic growth and simplify America's tangle of tax code rules...
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Treasury Secretary Steven Mnuchin, joined by National Economic Director Gary Cohn, speaks in the briefing room of the White House in Washington, Wednesday, April 26, 2017. President Donald Trump is proposing dramatically reducing the taxes paid by corporations big and small in an overhaul his administration says will spur economic growth and bring jobs and prosperity to the middle class. (AP Photo/Carolyn Kaster)
April 26, 2017 - 2:00 pm
WASHINGTON (AP) — President Donald Trump proposed dramatic cuts in the taxes paid by corporations big and small Wednesday in an overhaul his administration says will spur economic growth and bring jobs and prosperity to America's middle class. But his ambitious plan alarmed lawmakers who worry...
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Treasury Secretary Steve Mnuchin smiles while speaking to the media during the daily briefing in the Brady Press Briefing Room of the White House in Washington, Monday, April 24, 2017. (AP Photo/Pablo Martinez Monsivais)
April 25, 2017 - 8:36 am
WASHINGTON (AP) — President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the "massive" tax cut he promised without also...
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Greek Prime Minister Alexis Tsipras delivers a speech during the "Ancient Civilizations Forum" (ACForum) at Zappeio Conference Hall in Athens, Monday, April 24, 2017. Foreign Ministers and top officials from various countries attended the forum being held in the Greek capital. (AP Photo/Thanassis Stavrakis)
April 25, 2017 - 6:49 am
LONDON (AP) — Following years of strict budget restraint, particularly in Greece, the level of government borrowing across the 19-country eurozone has fallen to its lowest level since before the most acute phase of the global financial crisis, official figures showed Tuesday. According to...
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April 25, 2017 - 6:43 am
LONDON (AP) — Following years of strict budget restraint, particularly in Greece, the level of government borrowing across the 19-country eurozone has fallen to its lowest level since before the most acute phase of the global financial crisis, official figures showed Tuesday. According to...
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Treasury Secretary Steve Mnuchin smiles while speaking to the media during the daily briefing in the Brady Press Briefing Room of the White House in Washington, Monday, April 24, 2017. (AP Photo/Pablo Martinez Monsivais)
April 25, 2017 - 3:49 am
WASHINGTON (AP) — President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the "massive" tax cut he promised without also...
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