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.
The Trump administration on Thursday unveiled a plan to speed permitting for major infrastructure projects like oil pipelines, road expansions and bridges. It is one of the biggest deregulatory actions of the president’s tenure and comes MORE
As part of their once common Friday Night News Dump during the Trump administration, the Washington Post reported Friday that Trump’s DoJ ‘secretly obtained their journalists’ phone records and tried to obtain their email records MORE
For almost two decades, families at Fort Campbell, the sprawling Army base along the Kentucky-Tennessee border, have borne the brunt of the country’s war efforts as a steady clip of troops with the 101st Airborne Division and from Special Operations units deployed to Afghanistan and Iraq. MORE