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US budget deficit

  • EghtesadOnline: The budget deficit for President Donald Trump's first two years in office will be nearly $250 billion higher than initially estimated due to a shortfall in tax collections and a mistake in projecting military healthcare costs, budget chief Mick Mulvaney reported on Friday.

  • EghtesadOnline: With President-elect Donald Trump promising to spend as much as half a trillion dollars on infrastructure and slash taxes – initiatives that could add dramatically to the U.S. debt and balloon the budget deficit - Wall Street is far more focused on who will next head the U.S. Treasury than it was in the previous selection process under President Barack Obama.