Michael Peterson

WASHINGTON — The Social Security Trust Fund is projected to run short of cash by 2033, one year earlier than projected last year, according to a report released Friday. The report followed a meeting of the Social Security and Medicare... Read More

WASHINGTON - A Congressional Budget Office report estimating that persistent budget deficits will cause the federal debt to double in size over the next 30 years, "provides a troubling snapshot of America’s fiscal outlook, which we know will only get... Read More

WASHINGTON - The federal deficit for fiscal year 2019 was $984 billion, $205 billion more than in the prior fiscal year, Treasury Secretary Steven Mnuchin announced Friday afternoon. The final accounting from the Treasury Department of the Office of Management... Read More