Federal Deficit Rises to $779 Billion, Highest Since 2012

Headline Roundup October 16th, 2018

The federal deficit rose 17% last year to $779 billion, the highest since 2012, due to a bipartisan spending package that increased domestic spending and funding for the military, as well as the Trump administration's recent tax cuts.

Federal Deficit Rises to $779 Billion, Highest Since 2012

From the Right
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The U.S. budget deficit swelled from $666 billion in fiscal year 2017 to $779 billion in 2018, a roughly 17 percent increase that has produced the highest deficit since 2012, according to Treasury Department data released Monday.

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From the Left
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From the Center
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The U.S. government ran its largest budget deficit in six years during the fiscal year that ended last month, an unusual development in a fast-growing economy and a sign that—so far at least

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