Tag: Budget Deficit

AP Photo/Rich Pedroncelli

Jerry Brown: California Faces First Deficit Since 2012

Gov. Jerry Brown warned this week that despite record economic growth, California’s $122.8 billion budget will suffer its first deficit since 2012 due to spending growing twice as fast as the economy.

Obama

Obama Administration: Budget Deficit Increases to $587B

WASHINGTON–The government ran a $587 billion budget deficit for the just-completed fiscal year, a 34 percent spike over last year after significant improvement from the record deficits of President Barack Obama’s first years in office.