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US posts 23% increase in budget deficit

Friday, July 12, 2019   (0 Comments)
Posted by: Amanda Averch
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For the first nine months of fiscal 2019, the federal budget deficit rose $140 billion, a 23.1% increase compared with a year ago, according to the Treasury Department. The Trump administration says the US will end the fiscal year with a $1 trillion deficit. Meanwhile, Federal Reserve Chairman Jerome Powell has warned of unthinkable harm if the debt ceiling is not raised.

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