WASHINGTON — The federal deficit for the 2019 budget year surged to $984.4 billion, its highest point in seven years, and is widely expected to top the $1 trillion mark in coming years. The 26% surge from the 2018 deficit of $779 billion that the government reported Friday reflected such...
Fiscal Sanity Suffered a Painful Death the Morning of Feb. 9, 2018
In an eleventh-hour twist, Sen. Rand Paul protested the costs of Congress’ latest budget deal and briefly shut down the federal government. Then, in the wee hours of Feb. 9, both houses of Congress eventually voted to pass the budget deal – a bipartisan agreement to repeal expenditure limits and...
Fiscal Sanity Suffered a Painful Death the Morning of Feb. 9, 2018
In an eleventh-hour twist, Sen. Rand Paul protested the costs of Congress’ latest budget deal and briefly shut down the federal government. Then, in the wee hours of Feb. 9, both houses of Congress eventually voted to pass the budget deal – a bipartisan agreement to repeal expenditure limits and...