Content Tagged As record_deficit

4 years 10 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...

5 years 2 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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