Published annually since 1972, the Historic Documents series has made primary source research easy by presenting excerpts from documents on the important events of each year for the United States and the World. Each volume pairs 60 to 70 original background narratives with over 100 documents to chronicle the major events. Various records may include:  • official reports  • surveys  • speeches from leaders and opinion makers  • court cases  • legislation  • testimony  • and much more Historic Documents is renowned for the well-written and informative background, history, and context it provides for each document. Organized chronologically, each volume covers the same wide range of topics:  • business  • the economy and labor  • energy, environment, science, technology, and transportation  • government and politics  • health and social services  • international affairs  • national security and terrorism  • rights and justice Each volume begins with an insightful essay that sets the year’s events in context, and each document or group of documents include:  • a comprehensive introduction  • background information on the event  • full-source citations  • easy access to material  • detailed and thematic table of contents  • references to related coverage  • documents from the last ten editions of the series

Chapter : Treasury Secretary Addresses Budget Deficit; President Signs FY 2020 Spending Bills : October 25 and December 20, 2019

Treasury Secretary Addresses Budget Deficit; President Signs FY 2020 Spending Bills : October 25 and December 20, 2019

Treasury Secretary Addresses Budget Deficit; President Signs FY 2020 Spending Bills
Heather Kerrigan

In October, the Department of the Treasury announced that the federal budget deficit for fiscal year (FY) 2019 had reached $984 billion. That marked the fourth consecutive deficit increase but was lower than the original Trump administration estimation that the deficit would have topped $1 billion by the end of the fiscal year. Some members of Congress and economists raised alarm that the federal government was spending at an unsustainable rate, but those concerns were not reflected in either the two-year budget deal reached between the White House and Congress or ...

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