US budget deficit on track to hit $1 trillion for first time since 2012
The US budget deficit swelled at the beginning of 2020 even as the economy continued to grow at a steady pace.
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President’s budget plan aims to cut deficit by $4.6 trillion in 10 years, balance budget in 15
President Donald Trump’s $4.8 trillion budget proposal presented to Congress today boosts funds for the military and veterans and implements mandatory reforms for all agencies in an attempt to cut the deficit by $4.6 trillion over the next decade.
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Nigerian governor: Over one hundred thousand orphans and widows created by Boko Haram
A Nigerian professor-turned-politician claimed last week that Boko Haram has created nearly 120,000 orphans and widows since it began its onslaught against Christians in the West African nation.
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Trump budget would cut $4.4T in spending, boosting defense while slashing safety nets, foreign aid
The White House on Sunday unveiled a $4.8 trillion budget proposal that would slash spending dramatically on foreign aid and social safety nets, while including $2 billion for a southern border wall and substantially boosting funding to NASA, the Department of Veterans Affairs and the Department of Homeland Security.
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US Trade Deficit Drops 1.7% Last Year to $616.8 Billion
The U.S. trade deficit fell for the first time in six years in 2019 as President Donald Trump hammered China with import taxes.
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Congressional Budget Office: Federal debt to grow to 98 percent of GDP by 2030
The latest Congressional Budget Office (CBO) report projects that the federal debt will grow to 98 percent of GDP by 2030, with the economy expanding at an average annual rate of 1.7 percent from 2021 to 2030.
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