The government, which runs on a fiscal year that starts in October, is running a deficit of $421.41 billion for its fiscal first quarter of 2023, a 12% increase from the fiscal first quarter of 2022, Treasury data shows.
[bc_video video_id=”6162041338001″ account_id=”5728959025001″ player_id=”Hkbio1usDM” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” max_width=”640px” width=”100%” height=”100%”] La Quinta City Council votes to reduce their staff by 20 percent to address their current budget deficit. “The executive team and city manager really look at areas that will not impact that level of service that our residents and our businesses have come […]
The federal government budget deficit surpassed $1 trillion in 2019, marking the first time the country has crossed that threshold in a calendar year since 2012. The budget deficit reached $1.02 trillion for the 12-month calendar year ending in December, according to data released by the Treasury Department on Monday And the gap appears to be […]
The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday. The current shortfall exceeds the full-year deficit for fiscal 2018, which was $898 billion. President Donald Trump, who promised during the 2016 campaign to eliminate […]
The US budget deficit widened to $867 billion for the first 10 months of the fiscal year, an increase of 27% over this time last year, the Treasury Department reported Monday. The current shortfall exceeds the full-year deficit for fiscal 2018, which was $779 billion. President Donald Trump, who promised during the 2016 campaign to eliminate […]
The federal government recorded a budget surplus in January. But so far this budget year, the total deficit is 77 percent higher than the same period a year ago. The Treasury Department said Tuesday that the deficit for the first four months of this budget year, which began Oct. 1, totaled $310.3 billion. That’s up […]
The national debt has passed a new milestone, topping $22 trillion for the first time. The Treasury Department’s daily statement showed Tuesday that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Donald Trump took office on Jan. 20, 2017. The debt figure has been accelerating since the passage […]
On the heels of a new Treasury Department report showing a 17 percent rise in the annual federal budget deficit, President Donald Trump said Wednesday that he was asking his Cabinet to propose major belt-tightening. “We’re going to be asking for a 5 percent cut from every secretary,” Trump told reporters, adding “if not more,” […]
