Government budget deficits

President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)
February 10, 2020 - 4:22 pm
WASHINGTON (AP) — President Donald Trump unveiled a $4.8 trillion election year budget plan on Monday that recycles deep, previously rejected cuts to domestic programs like food stamps, Medicaid, and housing as the recipe for wrestling the federal budget back into balance. Trump’s fiscal 2021 plan...
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FILE - This Tuesday, Sept. 24, 2019, file photo shows the White House in Washington. (AP Photo/Carolyn Kaster, File)
February 09, 2020 - 9:21 pm
WASHINGTON (AP) — Confronted with the threat of trillion-dollar-plus deficits for as far as the eye can see, President Donald Trump is offering a $4.8 trillion budget plan for the upcoming fiscal year that rehashes previously rejected spending cuts while leaving Social Security and Medicare...
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The Capitol is seen as defense arguments by the Republicans resume in the impeachment trial of President Donald Trump on charges of abuse of power and obstruction of Congress, in Washington, Monday, Jan. 27, 2020. (AP Photo/J. Scott Applewhite)
January 28, 2020 - 1:12 pm
WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. The Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes...
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U.S. President Donald Trump leaves the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. Trump's two-day stay in Davos is a test of his ability to balance anger over being impeached with a desire to project leadership on the world stage. (AP Photo/Markus Schreiber)
January 22, 2020 - 4:05 pm
WASHINGTON (AP) — President Donald Trump appeared to suggest in a television interview Wednesday that he’s willing to consider entitlement cuts in the future, a move that would mark a tectonic shift from his stance during his 2016 run for the White House. Trump suggested he was open to a cut in...
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January 16, 2020 - 5:29 pm
WASHINGTON (AP) — The U.S. Treasury, faced with financing budget deficits topping $1 trillion annually, is introducing a new 20-year bond. The new 20-year bond was chosen after officials considered proposals for a 50-year or 100-year bond, Treasury said in a statement Thursday. It said the new 20-...
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Federal Reserve Board Chair Jerome Powell testifies on the economic outlook, on Capitol Hill in Washington, Wednesday, Nov. 13, 2019. (AP Photo/Jose Luis Magana)
November 14, 2019 - 10:14 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell is asking Congress to tackle the growing budget deficit. Powell’s remarks before the House Budget Committee Thursday came a day after he told Congress’ Joint Economic Committee that the Fed was likely to keep rates unchanged in the coming...
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This Sept. 18, 2019, photo shows the view of the U.S. Capitol building from the Washington Monument in Washington. The federal deficit for the 2019 budget year is expected to have soared to near $1 trillion, up more than $200 billion from last year and the largest such gap in seven years. (AP Photo/Patrick Semansky)
October 25, 2019 - 6:07 pm
WASHINGTON (AP) — The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for...
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Anti-government protesters with the colors of the Lebanese national flag painted on their faces and with Arabic that reads "Revolution," pose for a photograph in front of the government palace in Beirut, Lebanon, Monday, Oct. 21, 2019. Protesters have closed major roads around Lebanon ahead of an emergency Cabinet meeting to discuss a rescue plan for the country's crumbling economy. AP Photo/Hassan Ammar)
October 21, 2019 - 11:21 am
BEIRUT (AP) — Lebanon's Cabinet approved a package of economic reforms and a 2020 budget with no new taxes on Monday, hoping to appease the thousands of protesters that have taken to the streets for the last five days to demand the government step down. Prime Minister Saad Hariri described the...
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October 07, 2019 - 5:57 pm
WASHINGTON (AP) — The government ran a budget deficit of just under $1 trillion in the just-closed fiscal year, the Congressional Budget Office said Monday. The $984 billion deficit tally for 2019 came in more than $200 billion more than last year's, despite very low unemployment and continuing...
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Portuguese Prime Minister and Socialist Party leader Antonio Costa, center right, with his wife Fernanda Tadeu, center, and Lisbon Mayor Fernando Medina, left, wave to supporters during an election campaign action in downtown Lisbon Friday, Oct. 4, 2019. Portugal will hold a general election on Oct. 6 in which voters will choose members of the next Portuguese parliament. The ruling Socialist Party hopes an economic recovery during its four years of governing will persuade voters to return the party to power. (AP Photo/Armando Franca)
October 05, 2019 - 7:53 am
LISBON, Portugal (AP) — A frequent question asked in Portugal ahead of Sunday's general election is not whether the incumbent Socialist Party will win, but by how big a margin. Recent opinion polls suggest the Socialists enjoy a 10-percentage-point lead. That's largely thanks to an economic...
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