Trillion-Dollar Debt Hike in Obama Budget

By /
President Barack Obama‘s $3.8 trillion spending plan shows that in 10 years, the national debt will be $1 trillion higher than previously expected, according to The Washington Post. 

Last fall, Obama said he would keep year-to-year deficits below $600 billion, but the new 10-year budget request includes yearly deficits above $600 billion (except for in 2018), the newspaper reports. 

Read the full story. 

What it means to support Civil Beat.

Supporting Civil Beat means you’re investing in a newsroom that can devote months to investigate corruption. It means we can cover vulnerable, overlooked communities because those stories matter. And, it means we serve you. And only you.

Donate today and help sustain the kind of journalism Hawaiʻi cannot afford to lose.

Donate

About the Author