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Budget deficit

NPR
Coronavirus Live Updates
The government shortfall for the fiscal year that just ended is far greater than was seen during the height of the Great Recession. The national debt now exceeds the size of the U.S. economy.

$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

Oct 16, 2020
The government shortfall for the fiscal year that just ended was more than triple that of 2019. The national debt of $21 trillion now exceeds the size of the U.S. economy.
NPR
Coronavirus Live Updates
With three months left in the government's fiscal year, the U.S. federal deficit is already nearly twice as large as the previous record, which was set in 2009 during the Great Recession.

Red Ink Overflowing: In June, U.S. Borrowed A Typical Year's Worth

Jul 13, 2020
The federal deficit is ballooning as the government tries to cushion the blow from the coronavirus pandemic. June's shortfall totals $864 billion — more than in an entire typical year.
NPR
The Coronavirus Crisis
The economic rescue package just passed by Congress will push this year's budget deficit above $3 trillion.

The U.S. Was Already Deep In Debt. This Year's Deficit Will Be 'Mind-Boggling'

Mar 30, 2020
The economic rescue package just passed by Congress will push this year's budget deficit above $3 trillion. Such huge levels of deficit spending used to set off alarm bells in Washington, but no more.
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NPR
Economy
President Trump's proposed budget projects federal deficits until 2035.

Whither The Deficit Hawk: Changing Attitudes On Budget Red Ink Among The GOP

Feb 11, 2020
William Hoagland, who for years helped shape GOP budget policy, says the public just doesn't see rising deficits as a major issue at a time when the economy is doing well.
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NPR
Economy
The federal budget deficit is expected to grow to $960 billion this year, the Congressional Budget Office said.

The Federal Budget Deficit Is Getting Bigger As Spending Grows

Aug 21, 2019
The deficit is expected to swell to $960 billion this year and average $1.2 trillion in each of the next 10 years, according to congressional budget forecasters. They also expect the economy to slow.
NPR
Education
Luann McVey holds a sign before the start of a rally held in support of the Alaska university system on Feb. 13 in Juneau, Alaska.

University Of Alaska Readies For Budget Slash: 'We May Likely Never Recover'

Jul 03, 2019
Alaska Gov. Mike Dunleavy slashed $130 million, or 41%, from the budget of a university system that serves more than 26,000 students. Layoffs, elimination of programs and campus closures are likely.
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NPR
Politics
The House Budget Committee displays copies of President Trump's new budget proposal on Capitol Hill on Monday morning. Presidential budget proposals are typically political documents, with Congress taking the lead to set federal spending levels.

Trump Seeks More Border Wall Funding In New Budget

Mar 11, 2019
President Trump's 2020 budget proposal, released on Monday, calls for $8.6 billion in new border wall funding, along with increased military spending and deep cuts to domestic programs.
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NPR
Politics
George Bush wades through a crowd in Houston after his victory speech in the 1988 presidential election.

6 Little Words Helped Make George H.W. Bush (A 1-Term) President

Dec 04, 2018
"Read my lips" succeeded at countering Bush's image problem. But if it improved his chances of being elected in 1988, it may have ruined his chances of being re-elected in 1992.
NPR
Business
Members of the College Republican National Committee demonstrated against the estate tax in Washington in 2006. The tax was eliminated in 2010 but was reinstated a year later.

As GOP Lawmakers Eye Cutting Estate Tax, Will They Increase Income Inequality?

Dec 07, 2017
As Republicans prepare to pass their massive tax overhaul, they are planning to lessen, or even eliminate, the estate tax. Critics say the tax plays an important role in making the economy fair.
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NPR
Politics
Sens. Jeff Flake, R-Ariz., Bob Corker, R-Tenn., and Ron Johnson, R-Wis., seen at a hearing earlier this month, held up floor action on Thursday evening over concerns about how to control the deficit if the GOP tax bill doesn't result in strong economic g

Senate GOP Tax Bill Hits Speed Bump Over Deficits

Nov 30, 2017
Republicans are reworking ways to control future deficits if the tax plan doesn't produce the economic growth they are promising. Senate votes are on hold until late Friday morning.
NPR
Politics
Stacks of President Trump's FY2018 budget proposal are seen during a photo availability Tuesday on Capitol Hill.

White House Budget For 2018: Read The Full Plan

May 23, 2017
President Trump released his budget on Tuesday, which proposes deep cuts to federal safety nets, like food stamps. The plan builds off of the blueprint that the White House distributed in March.
NPR
Politics
Treasury Secretary Steve Mnuchin (center) arrives Tuesday at a meeting with congressional leaders to discuss a tax overhaul.

Trump Administration Vows 'Biggest Tax Cut,' 'Largest' Overhaul In History

Apr 26, 2017
The White House is issuing tax-plan guidelines today. It's not likely to get taken up soon, but Trump's Treasury secretary is pledging to move quickly — and to achieve 3 percent growth.
NPR
Politics
The federal deficit has declined under President Obama from a high of $1.4 trillion in 2009 to $438 billion in 2015. It has crept back up to $616 billion in 2016 as a result of congressional action.

Your Cheat Sheet To The Issues That Could Come Up In The Presidential Debate

Sep 24, 2016
From jobs and taxes to health care and immigration, there are a host of issues that will come up Monday night. Here's what you should know to get smart quick.
NPR
The Two-Way
The economy is stronger than during the 2012 presidential election, but stock owners in 2016 are doing much better than wage earners.

Since 2012, The Economy Has Changed — And So Has The Conversation

Aug 28, 2016
Since the last presidential election, a growing economy has sent the unemployment rate plunging. That improvement has changed the political conversation, but it hasn't stopped worries about wages.
NPR
The Two-Way
Gov. Sam Brownback delivers his State of the State address at the Kansas statehouse in Topeka last month. Brownback has announced cuts in education to plug the state's budget woes.

Kansas Will Cut Education Funding To Help Close Budget Gap

Feb 06, 2015
Republican Gov. Sam Brownback, whose aggressive tax-cutting measures helped trigger the financial crisis, said the schools' funding levels are unsustainable.
KNPR
KNPR's State of Nevada
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North Las Vegas Mayor Shari Buck

Apr 16, 2012

The city of North Las Vegas has a $33-million budget deficit. City officials are discussing the possibility of transferring police duties to Las Vegas Metro.

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