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The federal budget deficit is growing faster than expected and will top $1 trillion next year, as President Trump considers more spending.
By: clo in
FFFT3 Wed, 21 Aug 19 6:02 PM
The federal budget deficit is growing faster than expected and will top $1 trillion next year, as President Trump considers more spending.
Wednesday, August 21, 2019 11:12 AM EST
The deficit will reach $960 billion for the 2019 fiscal year, which ends Sept. 30, the Congressional Budget Office said in updated forecasts released on Wednesday morning. Previously, it had projected an $896 billion deficit for 2019 and $892 billion for 2020.
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