The federal budget deficit ballooned rapidly in the first four months of the fiscal year amid falling tax revenue and higher spending, the Treasury Department said Tuesday, posing a new challenge for the White House and Congress as they prepare for a number of budget battles.
Democracy Dies in Darkness
The federal deficit ballooned at start of new fiscal year, up 77 percent from a year before
March 5, 2019 at 6:51 p.m. EST