US Budget Deficit Hits 5-Year High of $1.99 Trillion

Higher interest payments and rising costs for major benefit programs pushed the U.S. budget deficit to its highest level in five years, new Treasury Department numbers show. The budget shortfall—the gap between revenues the federal government collects and how much it spends—widened by more than $200 billion, or about 12 percent, to $1.99 trillion in […] The post US Budget Deficit Hits 5-Year High