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WASHINGTON: America´s budget deficit soared to nearly $1 trillion in the 2019 fiscal year as government borrowing swelled, the US Treasury announced Friday. The deficit jumped by 26 percent to $984 billion, the highest since 2012, as spending outstripped tax receipts in the wake of the 2017 Republican-led tax cuts. Tariffs imposed in President Donald Trump´s multi-front trade confrontations brought …
Read More »US budget deficit soars in 2019 to just under $1 trillion, highest since 2012: Treasury
October 26, 2019
