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US Budget Deficit Running 11.8% Higher This Year

The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years. In i...
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US Consumer Confidence Ticked Down in December

BALTIMORE — U.S. consumer confidence slipped ever so slightly in December, as expectations fell about economic growth over the next six months. The Conference Board said Tuesday that its consumer confidence index edged down to 126.5 from November's reading ...
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US Budget Deficit Surges to $134.5 Billion in October

WASHINGTON — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said W...
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Opinion: On Oct. 3, Happy Deficit Day

Imagine that the federal government received all the revenue it will receive for the year in a lump sum on Jan. 1, and then proceeded to spend that money at a constant rate. If the federal government’s budget w...
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US Economy Slowed to 2.1% Growth in Second Quarter

WASHINGTON — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain ...