Tags: Money | National Debt | Trump Administration | federal | income | increased

Nation's Budget Deficit Increased 17 Percent in 2018

budget deficit of united states keeps increasing
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Wednesday, 17 October 2018 06:04 PM Current | Bio | Archive

During the fiscal year that ended Sept. 30, the federal government’s income held steady at $3.3 trillion. However, federal spending increased to $4.1 trillion, resulting in a $779 billion deficit. That’s up 17 percent from $666 billion in 2017.

Spending and the federal deficit are both expected to keep rising in the coming years.

An earlier Number of the Day noted that there is not a single year of projected spending cuts in the Trump administration budgets.

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.

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An earlier Number of the Day noted that there is not a single year of projected spending cuts in the Trump administration budgets.
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2018-04-17
Wednesday, 17 October 2018 06:04 PM
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