Wednesday, October 17, 2018

Federal budget deficit clocks in at $779B for 2018, largest since 2012


By Washington Examiner, Oct. 15, 2018

The federal budget deficit rose to $779 billion for fiscal year 2018, the Treasury Department reported Monday, the largest government shortfall since 2012.

Higher spending drove the increase in the annual deficit, with total government spending reaching $4.1 trillion, up from just under $4 trillion the year before.
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