National debt

October 07, 2019 - 6:57 pm
WASHINGTON (AP) — The government ran a budget deficit of just under $1 trillion in the just-closed fiscal year, the Congressional Budget Office said Monday. The $984 billion deficit tally for 2019 came in more than $200 billion more than last year's, despite very low unemployment and continuing...
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The federal deficit expected to swell to more than $1 trillion in the next fiscal year.;
Bob Rose
August 22, 2019 - 1:02 pm
WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported. The return...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, joins Speaker of the House Nancy Pelosi, D-Calif., as she signs the budget package just passed in the Senate to permit the government to resume borrowing to pay all of its obligations and would remove the prospect of a government shutdown in October, at the Capitol in Washington, Thursday, Aug. 1, 2019. (AP Photo/J. Scott Applewhite)
August 01, 2019 - 6:04 pm
WASHINGTON (AP) — The Latest on legislation dealing with the federal budget and the government's borrowing limit (all times local): 12:13 p.m. A bipartisan budget and debt deal has passed the Senate and is heading to the White House for President Donald Trump's signature. Thursday's vote addresses...
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Senate Majority Leader Mitch McConnell of Ky., arrives to speak with reporters following the weekly policy lunches on Capitol Hill in Washington, Tuesday, July 23, 2019. (AP Photo/Susan Walsh)
July 31, 2019 - 9:02 am
WASHINGTON (AP) — A hard-won, warts-and-all budget pact between House Speaker Nancy Pelosi and President Donald Trump is facing a key vote in the GOP-held Senate, with many conservatives torn between supporting the president and risking their political brand with an unpopular vote to add $2...
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FILE - In this July 24, 2019, file photo Treasury Secretary Steve Mnuchin walks away from the microphones after speaking to members of the media at the White House in Washington. The Treasury Department says it expects to borrow $433 billion in the current July-September quarter. (AP Photo/Pablo Martinez Monsivais, File)
July 29, 2019 - 3:47 pm
WASHINGTON (AP) — The Treasury Department said Monday it expects to borrow $433 billion in the current July-September quarter. That would be the largest quarterly borrowing total since early 2018, as the government replenishes its cash reserves following the expected resolution over raising the...
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Treasury Secretary Steve Mnuchin speaks during a news briefing at the White House, in Washington, Monday, July 15, 2019. (AP Photo/Carolyn Kaster)
July 15, 2019 - 9:04 pm
WASHINGTON (AP) — It's House Speaker Nancy Pelosi and top Senate Republican Mitch McConnell vs. hardliners in the White House as lawmakers pursue a deal on federal spending and the debt. And the hardliners, wary of further increases to federal spending, appear to be losing. Talks between Pelosi and...
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In this Sept. 8, 2017, photo, visitors view a scale model of the ECRL (East Coast Rail Link) during the launching of the train project in Kuantan, east coast of peninsula Malaysia. Malaysia’s government says it has decided to resume a China-backed rail link project after the Chinese contractor agreed to cut construction cost by one-third. (AP Photo)
April 12, 2019 - 5:15 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's government said Friday it has decided to resume a China-backed rail link project, after the Chinese contractor agreed to cut the construction cost by one-third. The deal follows months of vacillating over the East Coast Rail Link, which connects Malaysia's...
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FILE - In this Feb. 27, 2019 file photo, U.S. Treasury Secretary Steven Mnuchin speaks during a news conference with France's Economy Minister Bruno Le Maire after a meeting in Paris. The Treasury Department is taking the first steps to keep the government from exceeding the $22 trillion debt limit which goes back into effect on Saturday, March 2, setting off what will likely be months of battle in Congress on finding ways to avoid an unprecedented default on the national debt. AP Photo/Christophe Ena)
March 01, 2019 - 3:10 pm
WASHINGTON (AP) — The Treasury Department is taking the first steps to keep the government from exceeding the $22 trillion debt limit which goes back into effect on Saturday, setting off what will likely be months of battle in Congress on finding ways to avoid an unprecedented default on the...
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FILE - This June 8, 2017, file photo shows the U.S. Treasury Department building in Washington. The national debt has passed a new milestone, topping $22 trillion for the first time. The Treasury Department's daily statement shows that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Donald Trump took office on Jan. 20, 2017. (AP Photo/Pablo Martinez Monsivais, File)
February 12, 2019 - 8:06 pm
WASHINGTON (AP) — The national debt has passed a new milestone, topping $22 trillion for the first time. The Treasury Department's daily statement showed Tuesday that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Donald Trump took office on Jan...
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FILE - In this Monday, Jan. 21, 2019, file photo, Malaysia's Prime Minister Mahathir Mohamad arrives for meeting at the federal chancellery in Vienna, Austria. On Tuesday, Jan. 29, 2019, Mahathir says that proceeding with a multi-billion-dollar rail link project backed by China will “impoverish” the country, saddling it with heavy debts for the next 30 years. (AP Photo/Ronald Zak, File)
January 29, 2019 - 6:25 am
KUALA LUMPUR, Malaysia (AP) — Malaysian Prime Minister Mahathir Mohamad said Tuesday that proceeding with a multi-billion-dollar China-backed rail link project would "impoverish" the country, saddling the government with excess debt for the next 30 years. Since winning a historic vote last May,...
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