No. of Recommendations: 13
U.S. Posts Biggest Budget Deficit Since 2012

The U.S. recorded a $215 billion budget deficit in February -- its biggest in six years -- as revenue declined.....

The data underscore concerns by some economists that Republican tax cuts enacted this year could increase the U.S. government debt load, which has surpassed $20 trillion. The tax changes are expected to reduce federal revenue by more than $1 trillion over the next decade, while a $300 billion spending deal reached by Congress in February could push the deficit higher.....

https://finance.yahoo.com/news/u-posts-biggest-budget-defici...

Cutting revenues while increasing spending leads to larger deficits....who knew?

And, I suspect, it is only going to get worse.....
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement