US Budget Deficit for 11 Months Up $169 Billion Over 2018
|09/13/2019||Posted by BusinessMediaguide.Com under General World News||
The U.S. government’s budget deficit increased by $169 billion to $1.07 trillion in the first 11 months of this budget year as spending grew faster than tax collections.
The Treasury Department reported Thursday that the deficit with just one month left in the budget year is up 18.8% over the same period a year ago.
Budget experts project a surplus for September, which would push the total 2019 deficit down slightly below the $1 trillion mark. The Congressional Budget Office is forecasting a deficit this year of $960 billion, compared to a 2018 deficit of $779 billion.
Going forward, the CBO sees the read more >>>