Budget Gap Widens to $747 Billion in Nine Months Through June

Budget Gap Widens America’s budget deficit is widening as a result of Trump’s tax cuts, which are expected to add about $1.5 trillion to the national debt over a decade, and higher spending approved by Congress. (Bloomberg News)

The U.S. budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising spending eclipsed a small bump in revenue from the Trump administration’s tariffs.

Katia Dmitrieva | Bloomberg News
July 11, 2019
Government, Business

Trump’s FMCSA Budget Request Higher Than Enacted Levels

U.S. Department of Transportation headquarters in Washington thisisbossi/flickr

President Donald Trump’s fiscal 2020 budget request proposes increasing funding for federal trucking regulators. Overall, the U.S. Department of Transportation would see a decrease.

Eugene Mulero | Staff Reporter
March 11, 2019
Government, Business

Domestic Discretionary Spending Slashed in Trump’s $4.7 Trillion Budget Proposal

budget Andrew Harrer/Bloomberg News

President Donald Trump will propose a U.S. budget that wouldn’t balance for 15 years, even assuming stronger economic growth than private forecasters expect and with deep domestic spending cuts that have little chance of passing Congress.

Justin Sink and Erik Wasson | Bloomberg News
March 11, 2019
Government, Business

Trade Gap of $621 Billion in 2018 Marked Highest in Decade

Trade Ty Wright/Bloomberg News

The U.S. trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports.

Katia Dmitrieva | Bloomberg News
March 6, 2019
Government, Business

Budget Deficit in Trump’s First Fiscal Year Highest Since 2012

President Donald Trump Olivier Douliery/Tribune News Service

The U.S. budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012 amid tax cuts and spending increases.

Randall Woods | Bloomberg News
October 15, 2018

Colorado Transportation Officials Search for Bipartisan Solution to Transportation Woes

Brian Bennett/Flickr

WINDSOR, Colo. — Investing in Colorado's transportation infrastructure, specifically along the Front Range, is necessary to accommodate the high volume of people moving into the area due to the vast economic growth, regional transportation experts say.

Katarina Velazquez | Greeley (Colo.) Tribune
May 24, 2017
Government, Business

Obama Budget Would Boost Transport

Pete Marovich/Bloomberg News

New infrastructure projects would be funded through a significant new tax on oil companies, according to President Obama’s fiscal 2017 budget request.

Eugene Mulero | Staff Reporter
February 15, 2016
Government, Business

Collins Blasts DOT Fiscal 2016 Budget Plan As ‘Unrealistic’ for Fixing Highway Fund

Andrew Harrer/Bloomberg News

WASHINGTON — The Obama administration’s fiscal 2016 budget plan falls short of resolving the country’s long-term transportation funding crisis, Sen. Susan Collins told Transportation Secretary Anthony Foxx at an appropriations committee hearing.

April 27, 2015
Government, Business

Republicans, Foxx Clash on Transportation Budget

Mario Olivero/AASHTO

WASHINGTON — U.S. Secretary of Transportation Anthony Foxx’s fiscal 2016 budget pitch to House Republican funding leaders fell flat after several key lawmakers said they would not support the proposal.

March 2, 2015
Business, Safety, Government

Obama Budget Request Includes 6-Year, $18 Billion Freight Plan

Andrew Harrer/Bloomberg News

The fiscal 2016 White House budget request released last week anchors its transportation segment with a six-year, $478.26 billion surface transportation plan that includes an $18 billion freight program.

February 9, 2015