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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (1148771)7/11/2019 8:47:05 PM
From: sylvester80  Read Replies (3) | Respond to of 1577894
 
Rapist pedophile FatRump is linked big time with Epstein directly and with his Labor secretary Acosta. It's a FACT!!!! Bill Clinton hasn't been potus for almost 20 freaking years. Scandals are burning the FatRump white house down. It is a FACT that rapist pedophile FatRump associates himself with rapists and pedophiles. Cause he is one.



To: RetiredNow who wrote (1148771)7/11/2019 9:16:08 PM
From: sylvester80  Read Replies (3) | Respond to of 1577894
 
BOOM! US budget deficit jumps 23.1% over last year as debt crisis looms
edition.cnn.com

By Donna Borak, CNN
Updated 2314 GMT (0714 HKT) July 11, 2019

Washington (CNN)The US budget deficit jumped 23.1% in the first nine months of the fiscal year compared with the same period a year ago, according to the US Treasury.

The deficit widened to $747.1 billion, versus $607 billion last year, from October through June. Federal spending rose to $3.36 trillion in that period, while revenue increased to $2.61 trillion -- both records.
The numbers, released Thursday in a monthly report from the Treasury, paint a darkening picture for the US budget as the federal government runs short on credit.




Washington is flirting with a debt crisis. No one has a plan to stop it

The US has not had borrowing power since March, when the congressionally mandated debt ceiling kicked in, and independent analysts suggest the government could run out of money by September unless Congress can agree to allow additional borrowing.
A number of factors are driving the deficit increase, including the $1.5 trillion tax cuts signed by President Donald Trump in 2017 along with a massive spending package.

The Trump administration is predicting that the budget deficit will likely exceed $1 trillion for the entire fiscal year, which ends on Sept. 30. That's up from $779 billion a year earlier.

That's much higher than forecasts by the nonpartisan Congressional Budget Office, which anticipates that the deficit for the year will reach $896 billion. It expects the deficits will rise above $1 trillion starting in 2022.