Federal Deficit Reached $984 Billion in FY2019, Highest in 7 years, CBO estimates Federal Budget
Federal Deficit Reached $984 Billion in FY2019, Highest in 7 years, CBO estimates
2019-10-10 20:35:07
by Dan McCue

WASHINGTON - The federal deficit reached $984 billion in fiscal year 2019, with spending far out pacing revenue, according to an estimate released by the nonpartisan Congressional Budget Office this week. This would be an increase of $205 billion over... Read More

Federal Deficit Growing Faster Than Expected, Will Top $1 Trillion Next Year, Budget Office Says Federal Budget
Federal Deficit Growing Faster Than Expected, Will Top $1 Trillion Next Year, Budget Office Says
2019-08-21 18:06:15
by Dan McCue

WASHINGTON - The federal budget deficit is growing faster than expected and will reach $1 trillion next year, the non-partisan Congressional Budget Office said Wednesday. Worse, over the next decade, the federal government will rack up $12.2 trillion in deficits... Read More

Federal Debt on Track to Reach 'Unprecedented' Levels, CBO Says Economy
Federal Debt on Track to Reach 'Unprecedented' Levels, CBO Says
2019-06-25 21:04:05
by Dan McCue

WASHINGTON - The federal debt is on track to reach unprecedented levels in the next 30 years and will rise to 144 percent of the nation's gross domestic product by 2049 if current laws are maintained, the Congressional Budget Office... Read More

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