Reuters: U.S.

Friday, October 25, 2019

Breaking News: 2019 deficit nears $1 trillion, highest since 2012

 
 
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2019 deficit nears $1 trillion, highest since 2012
The federal deficit for fiscal year 2019 reached close to $1 trillion for the first time since 2012, according to final Treasury Department figures released Friday.

In the final accounting, the deficit came in at $984 billion, the same figure the Congressional Budget Office projected earlier in the month.

The deficit, which is projected to grow in 2020, has only surpassed $1 trillion four times in the nation's history, during the four year-stretch following the 2008 global financial crisis.
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