Government budget deficits

FILE- This March 5, 2018, file photo show the East Front of the U.S. Capitol at sunset in Washington. On Friday, Aug. 10, the Treasury Department releases federal budget data for July. (AP Photo/Alex Brandon, File)
August 10, 2018 - 2:02 pm
WASHINGTON (AP) — The federal government recorded a $76.9 billion deficit in July, with increased government spending and tax cuts keeping the country on track to record its biggest annual deficit in six years. The Treasury Department reports that in the first 10 months of this budget year, the...
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July 30, 2018 - 4:22 pm
WASHINGTON (AP) — The Treasury Department announced Monday the federal government plans to borrow $329 billion in the current July-September quarter. That's the highest third-quarter figure in eight years, as the government faces rising borrowing needs due to higher budget deficits. Treasury said...
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FILE - In this June 15, 2018, file photo, the Capitol is seen in Washington. On Thursday, July 12, the Treasury Department releases federal budget data for June. (AP Photo/J. Scott Applewhite, File)
July 12, 2018 - 2:59 pm
WASHINGTON (AP) — The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped sharply compared to a year ago. The Treasury Department reported Thursday that the June deficit pushed the imbalance so far this year to $...
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June 23, 2018 - 10:18 am
HARRISBURG, Pa. (AP) — Democratic Gov. Tom Wolf and the Republican-controlled Legislature have wrapped up a budget a week before Pennsylvania state government's new fiscal year starts. It's an about-face after three years of protracted partisan fights over spending. Besides that, the budget is...
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FILE- In this Jan. 30, 2018, file photo, several ship to shore cranes work a vessel at the Georgia Ports Authority's Port of Savannah loading and unloading container in Savannah, Ga. On Thursday, June 14, the International Monetary Fund issues its annual assessment of the U.S. economy at a news conference with IMF Managing Director Christine Lagarde. (AP Photo/Stephen B. Morton, File)
June 14, 2018 - 1:34 pm
WASHINGTON (AP) — The International Monetary Fund believes the U.S. economy will post solid growth this year and next, helped by a sizable boost from tax cuts. But then it says growth will slide as huge budget deficits drag growth far below the Trump administration's goals. In its annual assessment...
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FILE- In this May 30, 2018, file photo the East Front of the U.S. Capitol in Washington is seen under stormy skies. On Tuesday, June 12, the Treasury Department releases federal budget data for May. (AP Photo/J. Scott Applewhite, File)
June 12, 2018 - 2:56 pm
WASHINGTON (AP) — The federal government recorded a budget deficit of $146.8 billion in May, helping push the total deficit so far this year 23 percent above the same period a year ago. Last month's deficit followed a surplus of $214.3 billion in April, a month that traditionally ends in the black...
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May 11, 2018 - 4:11 pm
WASHINGTON (AP) — House Democrats are criticizing Republicans for rushing to vote on President Donald Trump's plan to roll back $15 billion in previously approved spending for children's health insurance and other programs. GOP leaders say lawmakers could vote as soon as next week on the plan to "...
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FILE - In Dec. 14, 2016 file photo, early morning traffic rolls down Pennsylvania Avenue toward the U.S. Capitol as daybreaks in Washington. The federal government swung to a surplus of $214.3 billion in April, 2018 primarily reflecting the revenue from that month’s annual tax filing deadline. The Treasury Department reports that last month’s surplus increased 17.4 percent from a year ago. (AP Photo/J. David Ake, File)
May 10, 2018 - 2:19 pm
WASHINGTON (AP) — The federal government swung to a surplus of $214.3 billion in April, primarily reflecting the revenue from that month's annual tax filing deadline. The Treasury Department reported Thursday that last month's surplus increased 17.4 percent from a year ago. The April surplus...
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May 10, 2018 - 1:18 am
PITTSBURGH (AP) — The Pittsburgh-area YMCA is seeking bankruptcy protection and will close two locations as it tries to shrink a $1 million budget deficit. YMCA of Greater Pittsburgh CEO Kevin Bolding said Wednesday that the move will strengthen the nonprofit and make it "more financially secure."...
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May 08, 2018 - 1:03 pm
WASHINGTON (AP) — President Donald Trump sent lawmakers a plan Tuesday to wipe more than $15 billion in unused spending off the government's books. The plan wouldn't have much practical impact on targeted programs such as the popular Children's Health Insurance Program. But the move would take away...
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