The US government budget deficit for the calendar year that ended in December topped $1 trillion for the first time since 2012, according to US Treasury Department data released on Monday. The gap between government spending and revenues widened to $1.02 trillion, which is 17.1 percent more than it was in 2018. However, last year’s increase is more than 10 percent lower than the US saw in 2018 due to rising corporate tax revenue. Also on rt.com ‘We are going to have a horrible time,’ Jim Rogers tells Boom Bust as global debt skyrockets For the first thre
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