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  2. 2009 United States federal budget - Wikipedia

    en.wikipedia.org/wiki/2009_United_States_federal...

    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.

  3. Political debates about the United States federal budget

    en.wikipedia.org/wiki/Political_debates_about...

    The former was primarily tax cuts, while the latter included a blend of tax cuts, investment and spending. The CBO initially estimated that ARRA would increase the federal budget deficit by $185 billion during 2009, by $399 billion in 2010, by $134 billion in 2011, for a total of $787 billion over the 2009-2019 period. [146]

  4. United States federal budget - Wikipedia

    en.wikipedia.org/wiki/United_States_federal_budget

    The Committee for a Responsible Federal Budget estimated that, partially as the result of the CARES Act, the budget deficit for fiscal year 2020 would increase to a record $3.8 trillion, or 18.7% GDP. [91] For scale, in 2009 the budget deficit reached 9.8% GDP ($1.4 trillion nominal dollars) in the depths of the Great Recession. CBO forecast in ...

  5. The Shrinking Federal Budget Deficit - AOL

    www.aol.com/.../the-shrinking-federal-budget-deficit

    The Congressional Budget Office (CBO) issued the first good news about the federal budget deficit since the 2008 recession and the huge stimulus program meant to pull the economy out of its dive.

  6. US deficit surges to all-time record - AOL

    www.aol.com/news/2009-10-16-us-deficit-surges-to...

    The federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the ...

  7. Budget deficit rises in May, nears $1 trillion for year - AOL

    www.aol.com/news/2009-06-11-u-s-budget-deficit...

    The federal budget deficit increased slightly in May to $189.7 billion as receipts fell while outlays. U.S. government budget receipts continue to reflect the contraction effects of the nation's ...

  8. American Recovery and Reinvestment Act of 2009 - Wikipedia

    en.wikipedia.org/wiki/American_Recovery_and...

    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 ...

  9. Trump tariffs would shrink the federal deficit, but also the ...

    www.aol.com/finance/trump-tariffs-shrink-federal...

    The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.