The budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020.
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Read More »October 22, 2021 Comments Off on US budget deficit hits $2.77 trillion in 2021, 2nd highest ever
The budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020.
Tagged with: federal deficit treasury
Read More »May 10, 2017 Comments Off on For one month, a huge federal surplus
The federal government ran the second-highest monthly surplus on record this April as tax revenues were pushed higher by a change in the deadline for corporate tax payments. In its monthly budget report, the Treasury Department said Wednesday that the ...
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Read More »February 11, 2015 Comments Off on Federal deficit up in January
The federal government ran a bigger deficit in January, pushing the imbalance so far this budget year up 6.2 percent from the same period a year ago. The Treasury Department said Wednesday the deficit for January stood at $17.5 billion ...
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Read More »January 13, 2015 Comments Off on U.S. deficit rises in quarter
The federal deficit for the first three months of the budget year is up slightly from the same period a year ago, reflecting the absence of a special payment from mortgage company Freddie Mac that helped narrow the gap in ...
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Read More »November 13, 2014 Comments Off on Federal deficit higher in October by quirk of calendar
(AP) The federal government started the new budget year with a higher deficit in October, but the increase reflected quirks in the calendar rather than a deterioration in the government’s budget outlook. The Treasury Department says the deficit last month ...
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Read More »February 13, 2012 Comments Off on Obama’s tax plan sets up ideological battle
WASHINGTON — President Barack Obama proposed tax increases on wealthy individuals and some corporations Monday, setting the stage for an ideological battle that won’t be resolved until after the November election — if then. Obama’s proposed tax hikes put him ...
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Read More »January 12, 2012 2 Comments
WASHINGTON — The federal deficit was lower in the first quarter of the 2012 budget year than the same period last year. Yet, the imbalance remains high by historical standards and should keep lawmakers debating tax increases and spending cuts ...
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Read More »June 13, 2011 1 Comment
WASHINGTON — President Barack Obama will announce new steps Monday to reduce government waste, arguing that inefficiency, fraud and abuse are especially troubling during tough economic times. Obama was to sign an executive order creating the Campaign to Cut Government ...
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Read More »March 11, 2011 Comments Off on House GOP wants to end emergency mortgage aid
WASHINGTON — Republicans on Friday muscled a bill toward House passage that would kill federal loans to struggling homeowners as the GOP and Democrats waged their latest fight over how to balance frugality and compassion at a time of massive ...
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Read More »August 19, 2010 Comments Off on Budget analysts see 2010 deficit at $1.3 trillion
WASHINGTON — Congress’ budget analysts are estimating that this year’s federal deficit will exceed $1.3 trillion, slightly below last year’s total but still a huge ocean of red ink. The nonpartisan Congressional Budget Office said the enormous shortfall is a ...
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