U.S. Deficit Reaches Seven-Year High for FY 2019
Nov 4 · 3 min read

According to the United States Treasury, the budget deficit for F.Y. 2019 (October 2018 to End September 2019) reached a record high of $984 billion.
The budget deficit has already exceeded $1 trillion for the next fiscal year. The deficit is driven mainly by higher Medicare & Defense spending and interest payments on the national debt.


