And the Obama administration created a deficit commission looking for ways to slow the growth of government debt. The budget deficit was $665 billion in 2017. It’s alarming,” said Marc Goldwein, senior policy director of the Committee for a Responsible Federal Budget, which supports reducing the deficit. Tax revenue was modestly higher in fiscal 2019, aided in part by a 70 percent increase in tariff revenue. America’s expanding federal deficit is an anomaly among developed nations around the world.

Source: Washington Post October 25, 2019 18:01 UTC