Federal Budget Deficit Swelled to Nearly $1 Trillion in 2019

The United States federal budget deficit jumped 26 percent in the 2019 fiscal year to $984 billion, reaching its highest level in seven years as the government was forced to borrow more money to pay for President Trump’s tax and spending policies, official figures showed on Friday.

The deficit has now swelled nearly 50 percent since Mr. Trump took office and it is projected to top $1 trillion in 2020.