Economics
Trump Budget Sees $1 Trillion Deficits for Next Four Years
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President Donald Trump’s newest budget forecasts the U.S. fiscal deficit surpassing $1 trillion this year and staying above that level until 2022.
The fiscal 2020 proposal sees the deficit expanding to $1.1 trillion for 2019 and 2020, when Trump will run for re-election. The shortfall is seen narrowing slightly to $1.07 trillion in 2021 and $1.05 trillion in 2022, before shrinking every year through 2029.