The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday.
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September 11, 2020 Comments Off on US budget deficit hits record $3 trillion through 11 months
December 4, 2014 Comments Off on Some state universities freeze spending, hiring
September 13, 2012 Comments Off on Budget deficit tops $1 trillion 4th year in row
April 27, 2012 Comments Off on U.S. growth slowed to 2.2 percent in first quarter
WASHINGTON — The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year. The result suggests ...Read More »
February 10, 2012 Comments Off on Budget deficit drops to $27 billion in January
WASHINGTON — The federal budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue. The deficit is on track to shrink this year, but the red ink will still run deep: ...Read More »
January 11, 2012 Comments Off on O’Malley says he would like sales tax increase
ANNAPOLIS — Gov. Martin O’Malley said Wednesday he would prefer to raise the state’s sales tax instead of the one on gas to address the budget deficit and pay for road and highway repairs, but noted that revenue proposals are ...Read More »
January 11, 2012 Comments Off on Maryland begins 2012 legislative with big money issues on the table
Maryland’s lawmakers are back in Annapolis on Wednesday for the 430th legislative session. The General Assembly faces a host of major fiscal issues, including a $1.1 billion budget deficit and a push by powerful lawmakers and interest groups to raise more ...Read More »
August 10, 2011 4 Comments
ANNAPOLIS — Gov. Martin O’Malley isn’t ruling out tax proposals during October’s special session on legislative redistricting. O’Malley said Wednesday his administration has had several meetings on how the state will address a projected budget deficit of about $1 billion ...Read More »
August 2, 2011 1 Comment
WASHINGTON — The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline. The vote was 74-26. Obama signed the bill little more than ...Read More »
June 10, 2011 Comments Off on US budget deficit moves closer to $1 trillion mark
WASHINGTON — The federal budget deficit is nearing the $1 trillion mark for a third straight year, putting pressure on Congress and the Obama administration to come up with a plan to rein in government spending. The Treasury Department says ...Read More »
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