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Politics : Formerly About Advanced Micro Devices

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sylvester80

To: locogringo who wrote (1087648)	9/12/2018 9:07:07 AM
From: Celtictrader	1 Recommendation Read Replies (1) of 1583406

U.S. on course for $1 trillion deficit(Thanks POS Dtrump) Photo: Mark Wilson/Getty Images The U.S. deficit grew by $222 billion from this time last year — reaching a total of $895 billion, according to the nonpartisan Congressional Budget Office. Why it matters: This increase was due mostly to the new Republican tax law and Congress' routine decision to increase spending, which grew by 7% compared to revenue growth of only 1%. The CBO says the deficit will approach $1 trillion by the end of Fiscal Year 2019. Editor's note: This post was corrected to reflect that the CBO did not change their estimate of when the U.S. would approach a trillion dollar deficit. (We had incorrectly stated they changed their current estimate from one in April.) NATIONAL DEBT

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