Deficit rises $94 billion to $693 billion for first half of the year, budget office estimates


(Worthy News) – The federal budget deficit rose by $94 billion to $693 billion for the first half of fiscal 2019, the Congressional Budget Office estimated Friday in its monthly budget review.

Revenues were up, by 1% to $1.5 trillion, but spending rose even more, by about 5% to $2.2 trillion.

The federal government is headed toward a deficit of about $900 billion this year, according to the CBO, which is Congress’ nonpartisan agency for budget and economic projections. Deficits are only supposed to grow in the years ahead because of a long-term mismatch between spending and revenues, sending the federal debt to the highest levels since World War II. [ Source: Washington Examiner (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!

Latest Worthy News

Britain and Germany Sign Defense Treaty Amid Uncertainty Over Trump
Christians Targeted in Indonesia’s West Java as Mobs Attack Homes and Churches
Mass Baptism in Bournemouth Seen as Sign of Revival in Britain
Tensions Flare in Spain as Anti-Migrant Clashes Rock Torre Pacheco
U.S. Officials Confirm Fordow Nuclear Facility ‘Obliterated,’ While Questions Remain Over Isfahan and Natanz
Israel Defends Syrian Druze Amid Sweida Bloodbath; Erdogan Condemns Strikes as ‘Terrorism’
Netanyahu Government Teeters as Shas Ministers Resign over Ultra-Orthodox Draft Dispute, Coalition Reduced to 60 Seats
Tensions Rise as U.S. Ambassador Huckabee Blasts Israeli Interior Ministry Over Christian Visa Denials
Trump Presses Netanyahu After Israeli Strike on Catholic Church in Gaza Kills Three
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News