Content Tagged As federal_budget_deficit

4 years 4 months ago

Budget deficit sets record in February

The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year's record for the full year. The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set...

4 years 6 months ago

December budget deficit sets record

The federal budget deficit hit an all-time high for the month of December, and the red ink for the first three months of the current budget year is rising at a more rapid pace than last year's record clip. The Treasury Department said Wednesday that the deficit last month...

4 years 10 months ago

Federal deficit hits $1.38 trillion in August

The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year. The soaring deficits have raised worries about the willingness of foreigners to keep purchasing Treasury debt. The Chinese, now the largest foreign owners of U.S. Treasury securities, have...

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