The U.S. budget deficit exceeded $1 trillion in February during President Donald Trump’s first month in office, according to CNBC. The shortfall grew despite the fiscal year being less than halfway complete.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02This budget deficit exceeded $1 trillion in February during President Donald Trump's first
00:06month in office, according to CNBC. The shortfall grew despite the fiscal year being less than
00:11halfway complete. Government spending declined slightly but remained significantly higher than
00:16revenue, according to the Treasury Department. The monthly deficit grew substantially compared
00:21to the previous month and the same period last year. Trump established the Department
00:25of Government Efficiency, but there's been no immediate Treasury impact. He also seeks to
00:31extend the Tax Cuts and Jobs Act, which could significantly raise the deficit in the next
00:36decade. For all things money, visit Benzinga.com slash GSTV.