Budget deficit nears the $1 trillion mark

Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Charles Schumer, D-N.Y., conduct as a bill signing ceremony in the Capitol for the Bipartisan Budget Act of 2019. (Photo By Tom Williams/CQ Roll Call)

The fiscal 2019 deficit was up 26 percent over the 2018 level. Paul M. Krawzak unpacks what accounts for the rising red ink.

Show Notes:

• $960B deficit expected this year, more than $1 trillion next
• Bipartisan cooperation put to the test in Senate
• Power struggle begins atop the House Appropriations Committee

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