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The days of the united states being taken advantage of are over. >> in his two years in office, the trade deficit has swelled by well over $100 million. he has called himself tariff man, but the tariffs brought retaliatory tariffs that made u.s. exports more expensive. and tax cuts in this country also made more imports into the united states. no comments yet from white house officials. the numbers coming in after the treasury department said the budget deficit soared to $310 billion in the first four months of the year, up 77%. mark zuckerberg laying out his plans to transform facebook and ...

U.s. exports more expensive. no comment yet from white house officials on the swelling trade deficit. the numbers coming in after the treasury department said the budget deficit soared to $310 billion in the first four months of the year, up 77%. mark zuckerberg laying out his plans to transform facebook and his number one priority, privacy. the founder and ceo posting a longest say to his facebook account saying the company's focus will shift to encrypted kept, that means data will be scrambled so outsiders and even facebook can't read it and content would disappear after a short period of ...

Trade deficits are a failure. the u.s. trade deficit last year was the worst in a decade $621 billion. the overall deficit in goods 891 billion. th the president detests trade deficits. he simplistically sees them as losing money to the trading partners. yet the trade deficit has swelled to way more than $100 billion. that 77% surge in the budget deficit in the first four months of the year. 310 billion. tax revenue down about 1.5% over the past 12 months. larry kudlow down played those numbers. >> we are making an investment in america's future.

Responsibility. trying to now it's the opposite. why? catherine rampell, three questions. help me. you're the one with the intelligence on this. first four months, fiscal year '19. federal deficit, $310 billion, up $176 billion year-over-year. why? >> there are a few things going on. one of course as you mentioned is the tax cut. despite what was promised, the tax cuts sadly did not pay for themselves. wouldn't you know? we cut taxes, and tax revenues fell. so that's snake oil, still not working. but it's not only on the tax cuts. it's also on the spending side. so we had this grand bargain th...

Numbers from the u.s. treasury department. the deficit grew 77% in the first four months of fiscal year 2019. the deficit, $310 billion up from $176 billion a year ago. now, the budget deficit ballooned as tax revenue plummeted and government spending rose. but interest rates are still relatively low, right? so, you can finance all of this debt, longer term is it sustainable. larry kudlow said this on fox news. >> we are making an investment in america's future. it's already beginning to pay off. if that means we incur additional debt in this short run, so be it. >> in the short run, but these...