U.S. Budget Deficit Tops $1 Trillion for First Time
Uncle Sam’s checkbook is seriously out of whack. With still three months to go in the current fiscal year, the federal government has already hit the trillion-dollar deficit mark for the first time ever in a yearly budget. According to figures released by the Department of the Treasury, the budget was $1.1 trillion in the hole as of the end of June, which was a particularly bad month that deepened the fiscal hole.
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Executive Director of the U.S. Interagency Council on Homelessness: Who Is Matthew Doherty?
- Co-Chair of the President's Intelligence Advisory Board: Who is Shirley Ann Jackson?
- Managing Director of the Council on Environmental Quality: Who Is Christy Goldfuss?
- Executive Director of the Office of Faith-Based and Neighborhood Partnerships: Who Is Melissa Rogers?
- Principal Deputy Director of the United States Mint: Who Is Rhett Jeppson?