(Washington, DC-AP) — Federal spending is at a new record high of three-point-seven-trillion-dollars. That’s the most since the Great Recession.
What’s more, a Treasury Department report puts the deficit at 867-billion dollars, but projects it’ll reach one-trillion-dollars in the final two months of this year.
Economists blame increased spending by both parties and the 2017 tax cuts. The budget that passed two weeks ago added one-point-four-trillion-dollars in discretionary spending