White House: Budget deficit to spike to $702B - KFBB.com News, Sports and Weather

White House: Budget deficit to spike to $702B

Posted: Updated:

By ANDREW TAYLOR
Associated Press
    
WASHINGTON (AP) - The White House says worsening tax revenues will cause the budget deficit to jump to $702 billion this year. That's a $99 billion spike from what was predicted less than two months ago.
    
The report from the Office of Management and Budget comes on the heels of a Congressional Budget Office analysis that scuttled White House claims that its May budget, if implemented to the letter, would balance the federal ledger within 10 years. The OMB report doesn't repeat that claim and instead provides just two years of updated projections.
    
The budget office also says the deficit for the 2018 budget year that starts on Oct. 1 will increase by $149 billion to $589 billion. Last year's deficit registered $585 billion.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular

  • Most Popular StoriesMost Popular StoriesMore>>

  • Firefighter dies on the fire line in Lolo National Forest

    Firefighter dies on the fire line in Lolo National Forest

    Thursday, July 20 2017 10:07 AM EDT2017-07-20 14:07:54 GMT

    A firefighter has died while fighting a fire in the Lolo National Forest.  According to a press release sent from Grayback Forestry, a 19-year-old and a Missoula resident was killed in the line while fighting a fire on the Seely Lake Ranger District.  The Grayback Forestry employee was part of a 20-person attack crew. He was struck by a falling tree. His name is being withheld until his family has been notified. More information will be available following a me...

    A firefighter has died while fighting a fire in the Lolo National Forest.  According to a press release sent from Grayback Forestry, a 19-year-old and a Missoula resident was killed in the line while fighting a fire on the Seeley Lake Ranger District.  The Grayback Forestry employee was part of a 20-person attack crew. He was struck by a falling tree. His name is being withheld until his family has been notified. More information will be available following a me...

  • Support pours in for Lolo family who lost 8 year-old girl in crash

    Support pours in for Lolo family who lost 8 year-old girl in crash

    Thursday, July 20 2017 12:37 PM EDT2017-07-20 16:37:33 GMT

    Several fundraising efforts from local residents and businesses. 

    Several fundraising efforts from local residents and businesses. 

  • Dog dies of heatstroke following hike

    Dog dies of heatstroke following hike

    Tuesday, July 18 2017 6:56 PM EDT2017-07-18 22:56:30 GMT

    Missoula Animal Control is alerting dog owner to be extra aware of the heat after they received news of a dog who died after hiking.  Animal Control explained that the dog suffered from heatstroke after its family took a hike July 17 on the M Trail.

    Missoula Animal Control is alerting dog owner to be extra aware of the heat after they received news of a dog who died after hiking.  Animal Control explained that the dog suffered from heatstroke after its family took a hike July 17 on the M Trail.

  • Kennel cough is on the rise in Montana

    Kennel cough is on the rise in Montana

    Tuesday, July 18 2017 11:28 AM EDT2017-07-18 15:28:50 GMT

    The vet's office has some troubling news for dog owners. 

    The vet's office has some troubling news for dog owners. 

  • After a dog dies on a Missoula trail, 'tips' to keep them cool

    After a dog dies on a Missoula trail, 'tips' to keep them cool

    Thursday, July 20 2017 12:53 PM EDT2017-07-20 16:53:15 GMT

    Our top trending story online is the tragic death of a Missoula dog who died of heatstroke while hiking the "M" trail.

    Our top trending story online is the tragic death of a Missoula dog who died of heatstroke while hiking the "M" trail.