CNBC: Federal deficit increases 26% to $984 billion for fiscal 2019, highest in 7 years
The gap between revenues and spending was the widest in seven years. Defense, Medicare and interest payments ballooned the shortfall.
accepting 2016 Republican presidential nomination, Trump ripped Obama for hiking deficits and debt
Treasury says 2019 deficit is 4.6% of GDP
that’s higher than at any point in Obama’s 2nd term, when US was still recovering from financial crisis/recession he inherited from GWB
— John Harwood (@JohnJHarwood) October 25, 2019
