CBO: U.S. Deficit Just Under $1 Trillion In Fiscal 2019
THE TREASURY DEPARTMENT'S FIGURES SHOWED THAT THE US BUDGET DEFICIT HAD WIDENED TO $1.067 TRILLION FOR THE FIRST 11 MONTHS
(CNN) – The U.S. government deficit is nearly $1 trillion.
That’s 200 billion more than last year.
The new numbers were released by the Congressional budget office on Tuesday.
The report shows the 2019 fiscal budget deficit has widened 19% since last year.
A number of factors include the $1.5 trillion tax cuts signed into law by trump in 2017 and a massive spending package passed by Congress.