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Emergency spending on efforts to combat the novel coronavirus is expected to exacerbate the US deficit.
Trump’s chief of staff Mick Mulvaney just admitted Republicans are total hypocrites on cutting the federal deficit
Mulvaney, long known as a deficit-hawk in Congress, said the GOP loses interest on the deficit when a Democrat isn't in the White House.
This year, there's a coronavirus payout of between S$100 and S$300.
As the US budget deficit barrels toward $1 trillion, the White House doubles down on claim that tax cuts will ‘pay for themselves’
Economists say the Republican tax bill President Donald Trump approved in 2017 has driven a sharp jump in the federal deficit.
US budget deficit jumps in January, putting it 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.
A quick guide to the latest White House budget plan, which slashes safety net programs and ramps up military spending
The $4.8 trillion budget proposal would dramatically slash funding for domestic programs and ramp up military spending.
Trump promised to eliminate the deficit within 8 years. It would take until 2035 under his new budget proposal.
The GOP has increasingly embraced red ink in the Trump era, while the influence of budget hawks has waned.
Trump has long expressed frustration with the US trade balance and portrayed it as a scorecard of sorts in his economic battles.
Red ink has risen steadily under Trump, who vowed as a candidate to eliminate the national debt within eight years.
Trump says reforming Social Security and Medicare is ‘the easiest of all things’ as he appears open to cutting entitlement spending
Any initiative to cut spending on Social Security and Medicare would be a break from his 2016 campaign pledge to protect funding for those programs.