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Budget Deficit

WASHINGTON - SEPTEMBER 19: A statue of the first United States Secretary of the Treasury Alexander Hamilton stands in front of the U.S. Treasury September 19, 2008 in Washington, DC. Treasury Secretary Henry Paulson announced that the Treasury will insure money market mutual funds as one part of a massive …

Federal Budget Deficit Rises 17 Percent

Spending jumped higher in 2018, so the budget deficit is higher despite a rise in tax revenue. There are no signs that this poses a risk to the Trump boom.

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.