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U.S. federal budget deficit to exceed $1 trillion in 2020

Washington, August 22 (RHC)-- In Washington, DC on Capital Hill, the Congressional Budget Office warned that the federal budget deficit is growing faster than predicted and is on course to reach $1 trillion for the first time since the Great Recession. 

This comes less than two years after Trump signed a $1.5 trillion Republican tax cut that overwhelmingly favors the wealthiest Americans, and as the Pentagon is set to receive a staggering $738 billion for the coming fiscal year.
 

Edited by Ed Newman
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