With a few weeks left in the fiscal year, the U.S. budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday.
The current shortfall exceeds the full-year deficit for fiscal 2018, which was $898 billion.
President Donald Trump, who promised during the 2016 campaign to eliminate the federal debt, has instead overseen a dramatic increase in deficits.
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