Government debt

Budget Director Mick Mulvaney testifies before the Senate Budget Committee on Capitol Hill in Washington, Tuesday, Feb. 13, 2018, on President Donald Trump's fiscal year 2019 budget proposal. (AP Photo/Susan Walsh)
February 13, 2018 - 4:10 pm
WASHINGTON (AP) — The White House budget director came to Capitol Hill on Tuesday to sell President Donald Trump's budget, but the administration's allies in the Senate preferred to talk about last year's tax cut rather than the trillion-dollar deficits contained in the new spending plan. The...
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President Donald Trump speaks in the State Dining Room of the White House in Washington, Monday, Feb. 12, 2018, during a meeting with state and local officials about infrastructure. (AP Photo/Carolyn Kaster)
February 13, 2018 - 2:56 pm
WASHINGTON (AP) — One clear principle runs through President Donald Trump's emerging economic policy: Debt is good. When defending a tax plan or laying out his budget, the man who once called himself "the king of debt" is trying to persuade Americans there's no price to pay for running trillion...
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President Donald Trump speaks in the State Dining Room of the White House in Washington, Monday, Feb. 12, 2018, during a meeting with state and local officials about infrastructure. (AP Photo/Carolyn Kaster)
February 13, 2018 - 12:15 am
WASHINGTON (AP) — One clear principle runs through President Donald Trump's emerging economic policy: Debt is good. When defending a tax plan or laying out his budget, the man who once called himself "the king of debt" is trying to persuade Americans there's no price to pay for running trillion-...
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President Donald Trump speaks in the State Dining Room of the White House in Washington, Monday, Feb. 12, 2018, during a meeting with state and local officials about infrastructure. (AP Photo/Carolyn Kaster)
February 12, 2018 - 7:08 pm
WASHINGTON (AP) — President Donald Trump unveiled a $4.4 trillion budget plan Monday that envisions steep cuts to America's social safety net but mounting spending on the military, formally retreating from last year's promises to balance the federal budget. The president's spending outline for the...
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In this Wednesday, Feb. 7, 2018, photo, Conor Lamb, the Democratic candidate for the March 13 special election in Pennsylvania's 18th Congressional District, talks about his campaign at his headquarters in Mount Lebanon, Pa. A Pennsylvania congressional race offers an early test of Democrats’ and Republicans’ arguments over the new tax law. (AP Photo/Keith Srakocic)
February 10, 2018 - 12:03 pm
NORTH HUNTINGDON, Pa. (AP) — In southwest Pennsylvania, Democratic congressional hopeful Conor Lamb hammers the new Republican tax law as a gift to corporations and the wealthy that will add to the national debt and give the GOP-led Congress an excuse to gut Social Security and Medicare. Rick...
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Trader Michael Milano, right, works on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018. U.S. stocks are lower Thursday morning as losses from the previous day continue. (AP Photo/Richard Drew)
February 09, 2018 - 2:51 pm
WASHINGTON (AP) — The stock market may be firing off warning shots to the Trump administration and Congress about their plans to blow up the size of the federal deficit. The anxiety that has gripped the market this week appeared to escalate Thursday just as President Donald Trump and lawmakers were...
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House Speaker Paul Ryan of Wis., center, leaves the podium as he turns toward Rep. Mac Thornberry, chairman of the Armed Services Committee, left, after a news conference, Thursday, Feb. 8, 2018, on Capitol Hill in Washington. The Republican-led Congress on Thursday was rounding up support for a bipartisan budget bill that would put the government on track for annual deficits topping $1 trillion, a gap last seen toward the end of Obama's first term. (AP Photo/Jacquelyn Martin)
February 09, 2018 - 11:50 am
WASHINGTON (AP) — Republicans rode the tea party wave to power eight years ago on a message of fiscal responsibility and attacking budget deficits, and kept at it during President Barack Obama's two terms. That was then. Republican leaders early Friday rounded up support for a bipartisan budget...
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House Speaker Paul Ryan of Wis., center, leaves the podium as he turns toward Rep. Mac Thornberry, chairman of the Armed Services Committee, left, after a news conference, Thursday, Feb. 8, 2018, on Capitol Hill in Washington. The Republican-led Congress on Thursday was rounding up support for a bipartisan budget bill that would put the government on track for annual deficits topping $1 trillion, a gap last seen toward the end of Obama's first term. (AP Photo/Jacquelyn Martin)
February 08, 2018 - 6:33 pm
WASHINGTON (AP) — Republicans rode the tea party wave to power eight years ago on a message of fiscal responsibility and attacking budget deficits, and kept at it during President Barack Obama's two terms. That was then. The Republican-led Congress on Thursday was rounding up support for a...
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A man walks past the Athens University with the statue of Greek national hero Rigas Fereos in central Athens, on Thursday, Feb. 8, 2018. Greece has launched a seven-year bond auction, in the first major step this year toward a return to the markets. The country's third successive bailout, funded by other Eurozone countries, ends this August. (AP Photo/Petros Giannakouris)
February 08, 2018 - 2:34 pm
ATHENS, Greece (AP) — Investors bought strongly Thursday into a bond issue designed to help wean Greece off its international bailouts, in what officials see as an endorsement of efforts to right the country's battered economy. Officials said Greece raised about 3 billion euros ($3.7 billion) from...
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FILE- In this Nov. 9, 2016, file photo an image of President-elect Donald Trump appears on a television screen on the floor of the New York Stock Exchange. President Trump has maintained an uncharacteristic silence since the stock market took a nose dive, notable for a businessman president who regularly points to the rising market as evidence of the success of his presidency and economic policies. (AP Photo/Richard Drew, File)
February 06, 2018 - 5:01 pm
WASHINGTON (AP) — For months, President Donald Trump boasted about having steered the U.S. stock markets to record high after record high. What a difference a few days can make. The market free-fall, explosive volatility and now partial recovery of stock prices have served as a stark reminder that...
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