FEDERAL DEFICIT SURPASSES $1 TRILLION
The federal deficit surpassed $1 trillion in the first 11 months of fiscal 2019, the Congressional Budget Office (CBO) said Monday. The deficit presently stands at $1.068 trillion, though it is likely to be reduced in September as quarterly tax payments are paid. “In its most recent baseline projections, CBO estimated that the 2019 budget deficit … Continued