Trillion-dollar deficits come roaring back: CBO

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President Trump has overseen a dramatic worsening of the government’s finances in his first 14 months in office, sending deficits soaring to more than $800 billion this year topping $1 trillion by 2020, and staying there every year for the foreseeable future, the Congressional Budget Office said Monday. … the government was recovering from the Great Recession. As those yearly deficits pile up, the debt will deepen dramatically….

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