Government budget deficits

FILE - In this Nov. 5, 2018, file photo, supporters of President Donald Trump wait for him to arrive to speak at a rally at Allen County War Memorial Coliseum, in Fort Wayne, Ind. Vice President Mike Pence has a favorite line when he introduces President Donald Trump at rallies. He says "it's been three years of promises made and promises kept” under Trump. Is it true? The Associated Press reviewed what's happened with Trump's key campaign promises. (AP Photo/Carolyn Kaster, File)
February 23, 2020 - 7:44 am
WASHINGTON (AP) — “It's been three years of promises made and promises kept, but we’re just getting started, (insert state here)." That line from Vice President Mike Pence is a hallmark of how he introduces President Donald Trump to campaign rally audiences. Last week, he delivered versions at...
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President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)
AP Newsroom
February 10, 2020 - 5:22 pm
WASHINGTON (AP) — President Donald Trump unveiled a $4.8 trillion election year budget plan on Monday that recycles deep, previously rejected cuts to domestic programs like food stamps, Medicaid, and housing as the recipe for wrestling the federal budget back into balance. Trump’s fiscal 2021 plan...
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The Capitol is seen as defense arguments by the Republicans resume in the impeachment trial of President Donald Trump on charges of abuse of power and obstruction of Congress, in Washington, Monday, Jan. 27, 2020. (AP Photo/J. Scott Applewhite)
AP Newsroom
January 28, 2020 - 2:34 pm
WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. Tuesday's Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several...
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U.S. President Donald Trump leaves the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. Trump's two-day stay in Davos is a test of his ability to balance anger over being impeached with a desire to project leadership on the world stage. (AP Photo/Markus Schreiber)
AP Newsroom
January 22, 2020 - 5:05 pm
WASHINGTON (AP) — President Donald Trump appeared to suggest in a television interview Wednesday that he’s willing to consider entitlement cuts in the future, a move that would mark a tectonic shift from his stance during his 2016 run for the White House. Trump suggested he was open to a cut in...
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December 09, 2019 - 2:32 pm
RIYADH, Saudi Arabia (AP) — Saudi Arabia will reduce spending in 2020 as the budget deficit widens to $49 billion amid sluggish oil prices and deeper curbs on oil production by the heavyweight producer. King Salman announced Monday expenditures will reach $272 billion next year, a nearly 8%...
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FILE - This June 12, 2019, file photo shows the U.S. Capitol dome in Washington. On Wednesday, Nov. 13, the Treasury Department releases federal budget data for August. (AP Photo/Patrick Semansky, File)
November 13, 2019 - 5:08 pm
WASHINGTON (AP) — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said Wednesday that the deficit last month...
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This Sept. 18, 2019, photo shows the view of the U.S. Capitol building from the Washington Monument in Washington. The federal deficit for the 2019 budget year is expected to have soared to near $1 trillion, up more than $200 billion from last year and the largest such gap in seven years. (AP Photo/Patrick Semansky)
October 25, 2019 - 7:07 pm
WASHINGTON (AP) — The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for...
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Anti-government protesters with the colors of the Lebanese national flag painted on their faces and with Arabic that reads "Revolution," pose for a photograph in front of the government palace in Beirut, Lebanon, Monday, Oct. 21, 2019. Protesters have closed major roads around Lebanon ahead of an emergency Cabinet meeting to discuss a rescue plan for the country's crumbling economy. AP Photo/Hassan Ammar)
October 21, 2019 - 12:21 pm
BEIRUT (AP) — Lebanon's Cabinet approved a package of economic reforms and a 2020 budget with no new taxes on Monday, hoping to appease the thousands of protesters that have taken to the streets for the last five days to demand the government step down. Prime Minister Saad Hariri described the...
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October 07, 2019 - 6:57 pm
WASHINGTON (AP) — The government ran a budget deficit of just under $1 trillion in the just-closed fiscal year, the Congressional Budget Office said Monday. The $984 billion deficit tally for 2019 came in more than $200 billion more than last year's, despite very low unemployment and continuing...
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Portuguese Prime Minister and Socialist Party leader Antonio Costa, center right, with his wife Fernanda Tadeu, center, and Lisbon Mayor Fernando Medina, left, wave to supporters during an election campaign action in downtown Lisbon Friday, Oct. 4, 2019. Portugal will hold a general election on Oct. 6 in which voters will choose members of the next Portuguese parliament. The ruling Socialist Party hopes an economic recovery during its four years of governing will persuade voters to return the party to power. (AP Photo/Armando Franca)
October 05, 2019 - 8:53 am
LISBON, Portugal (AP) — A frequent question asked in Portugal ahead of Sunday's general election is not whether the incumbent Socialist Party will win, but by how big a margin. Recent opinion polls suggest the Socialists enjoy a 10-percentage-point lead. That's largely thanks to an economic...
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