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 This material may not be published, broadcast, rewritten or redistributed.)

  • StatewideMore>>

  • The MSU equipment team: the unsung heroes of game day

    The MSU equipment team: the unsung heroes of game day

    Saturday, November 18 2017 1:57 AM EST2017-11-18 06:57:46 GMT

    Tucked in the south tunnel of the Brick Breeden Fieldhouse sit the unsung heroes of the Montana State game day experience, the Bobcat equipment team.

    Tucked in the south tunnel of the Brick Breeden Fieldhouse sit the unsung heroes of the Montana State game day experience, the Bobcat equipment team.

  • Griz fan's poems 'pump up' friends every home football game

    Griz fan's poems 'pump up' friends every home football game

    Friday, November 17 2017 10:38 PM EST2017-11-18 03:38:52 GMT

    After a devastating loss to the Montana State Bobcats last year, the University of Montana Grizzlies are eager for a 'Brawl of the Wild' win. And so are the fans. One Griz fan, in particular, is showing her school spirit by first scribing it. Hear Deb Schock's "roar."

    After a devastating loss to the Montana State Bobcats last year, the University of Montana Grizzlies are eager for a 'Brawl of the Wild' win. And so are the fans. One Griz fan, in particular, is showing her school spirit by first scribing it. Hear Deb Schock's "roar."

  • Montana congressman misled investigators in assault case

    Montana congressman misled investigators in assault case

    Friday, November 17 2017 8:01 PM EST2017-11-18 01:01:48 GMT

    BILLINGS, Mont. (AP) - Law enforcement officials in Montana have released a trove of materials from their investigation into a Republican House candidate who assaulted a reporter on the eve of his election to the U.S. House.   

    BILLINGS, Mont. (AP) - Law enforcement officials in Montana have released a trove of materials from their investigation into a Republican House candidate who assaulted a reporter on the eve of his election to the U.S. House.   

  • Most Popular

  • Most Popular StoriesMost Popular StoriesMore>>

  • Griz fan's poems 'pump up' friends every home football game

    Griz fan's poems 'pump up' friends every home football game

    Friday, November 17 2017 10:38 PM EST2017-11-18 03:38:52 GMT

    After a devastating loss to the Montana State Bobcats last year, the University of Montana Grizzlies are eager for a 'Brawl of the Wild' win. And so are the fans. One Griz fan, in particular, is showing her school spirit by first scribing it. Hear Deb Schock's "roar."

    After a devastating loss to the Montana State Bobcats last year, the University of Montana Grizzlies are eager for a 'Brawl of the Wild' win. And so are the fans. One Griz fan, in particular, is showing her school spirit by first scribing it. Hear Deb Schock's "roar."

  • Our Apologies

    The page you requested is currently unavailable. Pages on this site are constantly being revised, updated, and occasionally removed. You may have followed an outdated link or have outdated pages in your

    You have reached a page which is currently unavailable. We apologize for any inconvenience. Please use your browser's BACK button to return to the previous page

  • VANISHED: The missing persons of Spokane County

    VANISHED: The missing persons of Spokane County

    Thursday, April 14 2016 7:27 PM EDT2016-04-14 23:27:00 GMT

    SPOKANE, Wash. - The National Missing and Unidentified Person’s System (NAMUS) reports 895 Washington cases in their database. Their records indicate 37 of those cases are from Spokane and Spokane County.

    SPOKANE, Wash. - The National Missing and Unidentified Person’s System (NAMUS) reports 895 Washington cases in their database. Their records indicate 37 of those cases are from Spokane and Spokane County. All but one of those files represents individuals that have been gone 90 days or longer. 

  • The Latest: Sanders says Trump, Franken cases are different

    The Latest: Sanders says Trump, Franken cases are different

    Friday, November 17 2017 4:21 PM EST2017-11-17 21:21:01 GMT

    The White House says there's a difference between the sexual assault allegations against President Donald Trump and Democratic Sen. Al Franken.

    The White House says there's a difference between the sexual assault allegations against President Donald Trump and Democratic Sen. Al Franken.

  • One person dead in Billings Police-involved shooting

    One person dead in Billings Police-involved shooting

    Saturday, November 18 2017 3:07 PM EST2017-11-18 20:07:23 GMT

    One person is dead following a police-involved shooting on the 400 block of Bunting Street in Billings Southside Saturday. Five officers have been placed on administrative leave as per officer-involved shooting protocol. 

    One person is dead following a police-involved shooting on the 400 block of Bunting Street in Billings Southside Saturday. Five officers have been placed on administrative leave as per officer-involved shooting protocol. 

Powered by Frankly
Copyright - All content © 2001 - 2017. All Rights Reserved. For more information on this site, please read our Privacy Policy, Terms of Service, and Ad Choices.