US budget deficit running 15% higher than a year ago
WASHINGTON (AP) — The federal government reported a $146.9 billion deficit in March, causing annual debt to rise 15% for the first half of the budget year compared to the same period in 2018.
The Treasury Department says in its monthly report that the fiscal year deficit has so far totaled $691 billion, up from nearly $600 billion in 2018. The Treasury Department expects that the deficit will exceed $1 trillion when the fiscal year ends in September.
Tax receipts are running slightly highe
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