The U.S. government’s budget deficit ballooned to nearly $1 trillion in
2019, the Treasury Department announced Friday, as the United States’
fiscal imbalance widened for a fourth consecutive year despite a
sustained run of economic growth. The deficit grew $205 billion, or 26
percent, in the past year. The country’s worsening fiscal picture runs in sharp contrast to President Trump’s campaign promise to eliminate the federal debt within eight years.
Publisher: Washington Post | Author: Heather Long