WH projects $1 trillion deficit for 2019
Posted on AllSides July 19th, 2019
From The Center
The White House projects that the federal deficit will surpass $1 trillion this year, the only time in the nation's history the deficit has exceeded that level, excluding the four-year period following the Great Recession.
"The 2019 deficit has been revised to a projected $1.0 trillion," the White House Office of Management and Budget (OMB) wrote in its midyear review.
As a candidate, President Trump promised to wipe out not only the deficit but the entire federal debt, which has surpassed $22 trillion.
Republicans cast aside projections that their 2017...
