The US budget deficit ballooned to $779 billion this year, the highest since 2012, driven by Trump's tax law and the massive budget deal

📆 10/15/2018 10:00 PM
📰 BusinessInsider

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The budget deficit for fiscal year 2018 hit $779 billion, according to the Treasury Department, up 17% from the year before and the widest since 2012. The deficit increase was driven by the GOP tax law and a bipartisan spending agreement.

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