Search results
Results from the WOW.Com Content Network
The United States has just logged its biggest budget deficit year in history.The nation posted a $46.6 billion deficit for September, and a record $1.42 trillion deficit for the 2009 fiscal year ...
More good news for the U.S. economy, as the nation's budget deficit narrowed to $120.3 billion in November, the U.S. Treasury Department announced Thursday. A Bloomberg News economists survey had ...
Decreased tax revenue and high spending resulted in an unusually large budget deficit of about $1.4 trillion, well above the $407 billion projected in the FY 2009 budget. [10] A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts.
In a disappointing start to the federal government's new fiscal year, the nation posted a higher-than-expected $176.4 billion budget deficit for October, the Treasury Department announced Thursday ...
The Congressional Budget Office reported in October 2009 the reasons for the changes in the 2008 and 2009 deficits, which were approximately $460 billion and $1.41 trillion, respectively. The CBO estimated that ARRA increased the deficit by $200 billion (~$276 billion in 2023) for 2009, split evenly between tax cuts and additional spending ...
The House of Representatives version of the bill includes $410 billion in spending. [2] This includes a 21 percent increase to a program that feeds infants and poor women, an 8 percent increase to the Section 8 voucher program, a 13 percent increase to the Agriculture Department, a 10 percent increase in Amtrak subsidies, a 10 percent increase in Congress's budget, a 12 percent increase in the ...
It's hardly surprising, but, as always, it is something of a shock: The federal government spent some $111 billion more than it brought in last month, pushing its budget deficit for the fiscal ...
The CBO forecast in April 2018 that under current policy, the sum of annual federal budget deficits (debt increases) would be $13.7 trillion over the 2018-2027 time period. This is $4.3 trillion higher (46%) than the CBO January 2017 baseline of $9.4 trillion. The change is mainly due to the Tax Cuts and Jobs Act of 2017. [43]