Government budget deficits

May 11, 2018 - 4:11 pm
WASHINGTON (AP) — House Democrats are criticizing Republicans for rushing to vote on President Donald Trump's plan to roll back $15 billion in previously approved spending for children's health insurance and other programs. GOP leaders say lawmakers could vote as soon as next week on the plan to "...
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FILE - In Dec. 14, 2016 file photo, early morning traffic rolls down Pennsylvania Avenue toward the U.S. Capitol as daybreaks in Washington. The federal government swung to a surplus of $214.3 billion in April, 2018 primarily reflecting the revenue from that month’s annual tax filing deadline. The Treasury Department reports that last month’s surplus increased 17.4 percent from a year ago. (AP Photo/J. David Ake, File)
May 10, 2018 - 2:19 pm
WASHINGTON (AP) — The federal government swung to a surplus of $214.3 billion in April, primarily reflecting the revenue from that month's annual tax filing deadline. The Treasury Department reported Thursday that last month's surplus increased 17.4 percent from a year ago. The April surplus...
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May 10, 2018 - 1:18 am
PITTSBURGH (AP) — The Pittsburgh-area YMCA is seeking bankruptcy protection and will close two locations as it tries to shrink a $1 million budget deficit. YMCA of Greater Pittsburgh CEO Kevin Bolding said Wednesday that the move will strengthen the nonprofit and make it "more financially secure."...
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May 08, 2018 - 1:03 pm
WASHINGTON (AP) — President Donald Trump sent lawmakers a plan Tuesday to wipe more than $15 billion in unused spending off the government's books. The plan wouldn't have much practical impact on targeted programs such as the popular Children's Health Insurance Program. But the move would take away...
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April 11, 2018 - 2:04 pm
WASHINGTON (AP) — The federal government recorded a budget deficit of $208.7 billion in March, an increase of more than $32 billion from a year ago as revenues slipped and expenditures climbed. The Treasury Department reports that the February deficit was 18.4 percent higher than a year ago,...
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FILE - In this March 23, 2018, file photo, a copy of the $1.3 trillion spending bill is stacked on a table in the Diplomatic Room of the White House in Washington. A new analysis says President Donald Trump's tax cuts and last month's big spending bill will send the federal deficit toward $1 trillion. The Congressional Budget Office says tax and spending bills will push the deficit to $804 billion this year and nearly $1 trillion for 2019. (AP Photo/Pablo Martinez Monsivais)
April 09, 2018 - 6:38 pm
WASHINGTON (AP) — The combined effect of President Donald Trump's tax cuts and last month's budget-busting spending bill is sending the federal deficit toward the $1 trillion mark next year, according to a new analysis by the Congressional Budget Office. The CBO report says the nation's $21...
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In this March 14, 2018 photo, U.S. Navy personnel respond to a F/A-18 Super Hornet that crashed on its approach to Naval Air Station Key West in Florida. Both the pilot and weapons system officer ejected and were recovered, but U.S. Naval Air Forces reported late Wednesday night that both had died. (Rob O'Neal/The Key West Citizen via AP)
March 15, 2018 - 11:22 pm
WASHINGTON (AP) — The Pentagon acknowledged Thursday that budget shortfalls have eroded military capabilities, including training and flight hours, but stopped short of blaming those cutbacks for the crash of a U.S. Navy fighter jet that killed both crew members. Dana White, Pentagon spokeswoman,...
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March 12, 2018 - 2:17 pm
WASHINGTON (AP) — The federal government recorded a budget deficit of $215.2 billion in February, up significantly from a year ago as the impact of the GOP tax cuts passed in December begin to surface. The Treasury Department reports that the February deficit was 12.1 percent higher than a year ago...
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March 02, 2018 - 9:53 am
WASHINGTON (AP) — A new Washington report warns that trillion-dollar budget deficits are returning next year and that $2 trillion-plus deficits are not far off in the wake of President Donald Trump's tax cuts and last month's big budget deal. The analysis by the Committee for a Responsible Federal...
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March 01, 2018 - 7:14 am
PHILADELPHIA (AP) — Philadelphia's mayor is expected to ask the city council to pass a 6 percent increase in property taxes to help erase a nearly $1 billion budget deficit plaguing the city's public schools. Jim Kenney will make the proposal during his annual budget address to City Council...
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