Detailed text transcripts for TV channel - CNN - 20190613:09:06:00
Treasury department show washington ran a $208 billion deficit last month, up 41% from the year before. the deficit year-to-date, $739 billion. now, the deficit ballooned as the government spent more on the military, veterans affairs, social security, and medicare. you typically see deficits decrease in a strong economy. job growth has been strong, wages are rising. however, the treasury is taking in less money because of tax cuts for corporations and individuals led by that 2017 republican tax reform. an aging american population will drive up medicare and social security spending sharply in ...