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  2. Deficit reduction in the United States - Wikipedia

    en.wikipedia.org/wiki/Deficit_reduction_in_the...

    The budget deficit increased from $665 billion in 2017 to $779 billion in 2018, an increase of $114 billion or 17%. The budget deficit increased from 3.5% GDP in 2017 to 3.9% GDP in 2018. Compared to the budget deficit of $487 billion forecast for 2018 by CBO just prior to Trump's inauguration, the actual budget deficit was up $292 billion or 60%.

  3. National debt of the United States - Wikipedia

    en.wikipedia.org/wiki/National_debt_of_the...

    The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [83] Interest on the debt was $404 billion.

  4. Economic policy of the Donald Trump administration - Wikipedia

    en.wikipedia.org/wiki/Economic_policy_of_the...

    The CBO forecast in April 2018 that under current policy, the sum of annual federal budget deficits (debt increases) would be $13.7 trillion over the 2018–2027 time period. This is $4.3 trillion higher (46%) than the CBO January 2017 baseline of $9.4 trillion. The change is mainly due to the Tax Cuts and Jobs Act of 2017.

  5. United States federal budget - Wikipedia

    en.wikipedia.org/wiki/United_States_federal_budget

    CBO forecasts that the 2017 Tax Act will increase the sum of budget deficits (debt) by $2.289 trillion over the 2018-2027 decade, or $1.891 trillion after macro-economic feedback. This is in addition to the $10.1 trillion increase forecast under the June 2017 policy baseline and existing $20 trillion national debt . [ 17 ]

  6. Ask an Advisor: We’re in the 35% Tax Bracket. At What ... - AOL

    www.aol.com/ask-advisor-35-tax-bracket-100000112...

    For instance, I am 42 with a combined income of $560,000 between myself and my wife, putting us in the 35% federal tax bracket. Combined we have $2.6 million in retirement savings ($2.5 million of ...

  7. January 2018 United States federal government shutdown

    en.wikipedia.org/wiki/January_2018_United_States...

    The United States federal government shut down at midnight EST on Saturday, January 20, 2018, until the evening of Monday, January 22. It began after a failure to pass legislation to fund government operations and agencies. This stemmed from disputes over the extension of status of persons affected by the Deferred Action for Childhood Arrivals ...

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