That sent the deficit up 17 per cent, or USD113 billion, to its highest level since 2012, according to the Treasury report.
"President Trump and this administration will continue to work with Congress to make the hard choices needed to bring fiscal restraint", Mulvaney said in a statement.
If that's the case with the Trump OMB this time, it would mean fiscal 2020 nondefense discretionary budget authority in his request due next February would be roughly $445 billion - a whopping $152 billion, or 25 percent, cut from the fiscal 2019 cap signed into law by Trump in February.
"This year's deficit amounts to USD6,200 per household and is more than we spend each year on Medicare or defence", Committee's President Maya MacGuineas saidin a statement. Debt would likely worsen in the coming years with the Trump administration expecting the deficit to top US$1 trillion in 2019, almost matching the US$1.1 trillion imbalance from 2012. The deficit grew during this period due to bailouts and other counter-recession measures. Thus deficits for 2018 rose by $113 billion. The Department of Treasury says American workers paid $1.6 trillion in taxes - the most in United States history. What is unmistakable from the data, however, is that the Trump tax cuts are not entirely, or even mostly, responsible for the increase in the deficit.
Spending rose 3% over the previous year, fueled in part by increases to the defense budget agreed upon in September 2017 as part of a deal between Republicans and Democrats to head off a government shutdown. Sanders' office produced an analysis arguing America would be running a surplus without the tax cuts passed under Trump and George W. Bush, higher military spending after September 11, 2001, and the costs of the wars in Iraq and Afghanistan. But the economy was already in a strong recovery when Trump moved into the White House, and he still boosted the deficit. Adjusted for inflation and economic growth, this is equivalent to tax revenues exceeding spending by $450 billion!
The deficit figure is in line with what the Congressional Budget Office, the official government scorekeeper of federal fiscal policy, projected earlier this month. The CBO said that this deficit increase "would arise because spending would grow steadily under current law, and revenues would not keep pace with that spending growth".
White House Budget Director Mick Mulvaney blamed Congress, which he said had shown a "continual unwillingness to restrain spending".
"People are going to want to say the deficit is because of the tax cuts - that's not the real story", Treasury Secretary Steven Mnuchin told CNN last week, arguing that Republicans went along with Democratic demands for increased non-defense spending in order to secure "very, very important" increases in defense outlays. Analysts estimate the tax cuts will cost the federal government more than $2.3 trillion over 10 years.
Johnathan Thomas took the ensuing kickoff back to the IN 5, setting up McSorley for the go-ahead touchdown on the next play. Purdue's defense was equally impressive, as linebacker Markus Bailey returned an interception for a 41-yard touchdown.
Bruins: Boston coach Bruce Cassidy said goaltender Jaroslav Halak will get a start against the Oilers in Edmonton on Thursday. A David Pastrnak goal late in the first period didn't survive a coach's challenge by Peters as the Bruins were ruled offside.
At 1.5°C, the global population experiencing difficulty obtaining fresh water could be 50 per cent lower than at 2°C. Renewable energy forms around 16 percent of India's energy mix, that share needs to increase drastically.
In Greece, the neighbor state is called Skopje (the name of Macedonia's capital) or the Former Yugoslavian Republic of Macedonia. Two-thirds of the chamber - 80 of 120 deputies - backed the start of the process, the requisite majority to start the move.
Abbas has broken record long held by Mohammad Asif as he became Pakistan's quickest fast bowler to 50 wickets. Several other global cricketers, both past and present took notice of Abbas' impressive spell.
The Brewers now trail 2-1 in the second following Cody Bellinger's two-RBI blast off of Jhoulys Chacín in the top of the inning. The Brewers got to Game 7 on the strength of their bullpen, but that unit wasn't almost good enough Saturday night.
L'ordre du jour n'est pas détaillé et l'émissaire demande aux destinataires de lui soumettre des propositions à cet égard. Nommé en 2017, Horst Kohler a déjà rencontré les différentes parties au conflit en début d'année mais de manière séparée.
Just two months later, Prince Charles announced their engagement and the couple walked down the aisle at Windsor in May. On Friday, they will return to Sydney for the final days of the Invictus Games before flying home via New Zealand .
Pregnant Meghan takes break from Australia royal tour
Yesterday, the couple were at the Opening Ceremony, in an open air auditorium in front of Sydney's famous Opera House. They just can't contain themselves now that the exciting news is out there...and, of course, we don't blame them!
Bowling Over Breast Cancer To Be Held
Fortunately, breast cancer mortality rates have been declining since 1989 due to the improvements in detection and treatment. Registration is closed for bowlers, but community members are invited to take part and support local cancer care efforts.
Connor McDavid ruined the Bruins’ overtime
Boston tied it with 8:34 to go when Brad Marchand fed it in front to Pastrnak for his eighth. It is the latest Edmonton has ever had its home opener in a non-lockout season...
#MeToo: Anu Malik no longer part of 'Indian Idol'
As reports flowing in, Malik has been asked to step down as an judge from ongoing reality show Indian Idol season 10 . In ongoing 10th season of Indian Idol , Malik was co-judging the show alongside Vishal Dadlani and Neha Kakkar.