Another Month Another Massive Federal Budget Deficit
After running the biggest December budget deficit in history, the U.S. government followed up with another massive budget shortfall in January. Borrowing and spending at record rates is a legacy President Donald Trump left to Joe Biden, and the new administration will...
Trump Runs Biggest October Budget Deficit in History
If you thought maybe the federal government would try to rein in the spending after running a recorded budget deficit of $3.13 trillion in fiscal 2020, you were sorely disappointed. Donald Trump and Company have not kicked his spending habit. October was the first...
Trump 2020 Deficit More Than Doubles Obama’s Previous Record
The fiscal 2020 budget shortfall totaled $3.13 trillion as the Trump administration added another $124.6 billion to the deficit in September, according to the latest Monthly Treasury Statement. That more than doubles the previous record deficit of $1.4 trillion set...