US budget deficit to top US$1-trillion

A Washington think tank has estimated the US federal budget deficit under President Donald Trump’s (photo) watch is on track to blow through US$1 trillion in 2019. If it does, it would be the first time since 2012 the US economy will have to support a deficit so large. The Committee for a Responsible Federal Budge said the red ink may rise in fiscal 2019 to US$1.12 trillion. If current policies continue, it said, the deficit could top a record-setting US$2 trillion by 2027. Photo Nampa/Reuters