Worthy Christian News > U.S. Headlines > Deficit rises $94 billion to $693 billion for first half of the year, budget office estimates

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

Monday, April 8, 2019 | Tag Cloud Tags: CBO, Congress, debt, deficit, News, War, Washington, Worthy News | Learn about our FREE SYNDICATION Service | Don’t rely on social media — get Worthy by email! | Printer Friendly

(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…) ]

Start your day with Christian news and biblical encouragement from Worthy News.

people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Lake Mead Falls to Historic Low as Colorado River Crisis Deepens

Former NBA Players Declare for WNBA Draft, Putting Transgender Eligibility Rules to the Test

Senate Passes Government Funding Stopgap, Leaves Town

U.S. Presses Egypt Over Rising Christian Persecution, Religious Freedom Abuses

Iran Sets Sweeping New Demands to Reopen Strait of Hormuz, Tells U.S. to ‘Correct Its Behavior’

Pentagon Presses U.S. Arms Makers to Accelerate Production as Iran War Drains Missile Stockpiles

Drone Bomb Found Near Ukrainian Cargo Plane Raises Fears Of Russian Sabotage

North Korean Missile Unit Deploys To Help Russia (Worthy News Focus)

Numerous Killed In Thailand School Shooting; Teenage Shooter Dies

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.