Government budget deficits

File- This Jan. 22, 2018, file photo shows Director of the Office of Management and Budget Mick Mulvaney talking during a television interview outside the White House in Washington. Mulvaney, the former tea party congressman who runs the White House budget office, said Sunday, Feb. 11, 2018, that Trump’s new budget, if implemented, would tame the deficit over time, though unlike last year’s submission, it wouldn’t promise to balance the federal ledger eventually. (AP Photo/Carolyn Kaster, File)
February 11, 2018 - 9:05 pm
WASHINGTON (AP) — In a twist on Washington's truism about presidential budgets being D.O.A., President Donald Trump's 2019 fiscal plan due Monday is dead even before arrival. The original plan was for Trump's new budget to slash domestic agencies even further than last year's proposal, but instead...
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Sen. Rand Paul, R-Ky., walks to the Senate chamber, at the U.S. Capitol, Thursday, Feb. 8, 2018, in Washington.(AP Photo/Jose Luis Magana)
February 09, 2018 - 1:54 am
WASHINGTON (AP) — The Latest on Congress and spending legislation (all times local): 1:50 a.m. The Senate has passed a massive, bipartisan budget agreement and spending bill to reopen the shuttered federal government. The bill now moves to the House. Senators voted 71-28 to approve the deal, easily...
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February 08, 2018 - 4:08 pm
WASHINGTON (AP) — Republicans rode the tea party wave to power eight years ago on a message of fiscal responsibility and attacking budget deficits, and kept at it during President Barack Obama's two terms. That was then. The Republican-led Congress on Thursday was rounding up support for a...
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January 31, 2018 - 7:50 pm
WASHINGTON (AP) — The Treasury Department, faced with rising budget deficits, announced Wednesday that the government is increasing the size of various securities offerings while the Congressional Budget Office moved up date when the current debt ceiling will be hit. Treasury officials said they...
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Speaker of the House Paul Ryan, R-Wis., confers with Majority Leader Kevin McCarthy, R-Calif., right, during a news conference at the Capitol in Washington, Tuesday, Jan. 30, 2018. (AP Photo/J. Scott Applewhite)
January 30, 2018 - 8:05 pm
WASHINGTON (AP) — A week after a standoff forced a three-day government shutdown, congressional budget talks remain bogged down by Democrats' demands to protect "Dreamer" immigrants and GOP conservatives' concerns about a booming federal deficit. The deadlock is deflating hopes that lawmakers will...
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FILE - In this Nov. 6, 2017 file photo photo provided by the Saudi Press Agency, King Salman attends a swearing in ceremony in Riyadh, Saudi Arabia. Saudi King Salman has delivered an annual speech outlining his government's priorities for the coming year on Wednesday, Dec. 13, 2017. Priorities include focusing on the economy and emphasizing the government's anti-corruption crackdown as the country prepares to distribute cash assistance to low-income families as part of a new welfare system ahead of more subsidy cuts. (Saudi Press Agency, via AP, File)
December 19, 2017 - 11:10 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia is preparing for the biggest budget in its history, announcing Tuesday record expenditures of 978 billion riyals ($261 billion) this coming fiscal year as the government forecasts a boost in revenue from the introduction of a sales tax, plans to lift...
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FILE- In this Nov. 30, 2017, file photo, with reporters looking for updates, Sen. Susan Collins, R-Maine, and other senators rush to the chamber to vote on amendments as the Republican leadership works to craft their sweeping tax bill in Washington. Collins said she is confident President Donald Trump and Senate Majority Leader Mitch McConnell will ensure passage of two bills aimed at shoring up the insurance markets, a demand she made before supporting the Republican tax overhaul. (AP Photo/J. Scott Applewhite, File)
December 11, 2017 - 12:28 pm
WASHINGTON (AP) — The Treasury Department just gave Republicans ammunition that their tax cuts would pay for themselves. But the one-page memo relies on a mathematical gimmick: It includes an assumption that tax cuts and other Trump administration policies would cause the economy to expand at a 2.9...
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Senate Majority Leader Mitch McConnell, R-Ky., walks from the chamber to his office during votes on amendments to the GOP overhaul of the tax bill, on Capitol Hill in Washington, Friday night, Dec. 1, 2017. (AP Photo/J. Scott Applewhite)
December 02, 2017 - 3:23 am
WASHINGTON (AP) — Republicans pushed a nearly $1.5 trillion tax bill through the Senate early Saturday after a burst of eleventh-hour horse trading, as a party starved all year for a major legislative triumph took a giant step toward giving President Donald Trump one of his top priorities by...
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Senate Finance Committee Chairman Sen. Orrin Hatch, R-Utah, and members Sen. John Cornyn, R-Texas and Sen. Patrick Toomey, R-Pa., back left, walk from the the West Wing to speak to reporters after a meeting with President Donald Trump at the White House in Washington, Monday, Nov. 27, 2017. (AP Photo/Manuel Balce Ceneta)
November 27, 2017 - 6:40 pm
WASHINGTON (AP) — Senate Republicans are considering a trigger that would automatically increase taxes if their sweeping legislation fails to generate as much revenue as they expect. It's an effort to mollify deficit hawks who worry that tax cuts for businesses and individuals will add to the...
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October 20, 2017 - 2:07 pm
WASHINGTON (AP) — The Trump administration says the federal budget deficit rose to $666 billion in the just-completed budget year, an $80 billion spike over last year. The word comes as Republicans controlling Washington are moving quickly to draft a rewrite of the tax code that could add up to $1...
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