President Trump has overseen a dramatic worsening of the government’s finances in his first 14 months in office, sending deficits soaring to more than $800 billion this year topping $1 trillion by 2020, and staying there every year for the foreseeable future, the Congressional Budget Office said Monday.
Last year’s tax cuts will sap the government of money, even as the budget and spending deals approved this year will push the government to spend more money — cash it will have to borrow.-- More...
