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Deficit

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President Trump’s Budget Would Reduce Deficit By $160 Billion and Increase GDP Growth

Thursday, July 13th, 2017

Cuts to health care spending would save economy $1.25 trillion over next decade

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CBO: Treasury to Run Out of Cash in Next 3 Months, Leading to Default or Delay of Payments

Friday, June 30th, 2017

Treasury may run out earlier if the government spends more money or takes in less revenue

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Repeal of Obamacare Could Lead to $1.07 Trillion in Net Deficit Reduction

Thursday, April 6th, 2017

Replacement plan could reduce deficit by as much as $657 billion over next 10 years

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FY 2016 Budget Deficit Larger Than Expected

Monday, August 8th, 2016

Now projected to reach $590 billion

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CBO: Deficit, Public Debt to Double Over Next 10 Years

Wednesday, August 26th, 2015

Despite rising tax collection, government continues to spend outside its means

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Government Collects Record-High Taxes in First 10 Months of FY 2015

Thursday, August 13th, 2015

Despite collecting $2.6 trillion, government still runs $465B deficit