Detailed text transcripts for TV channel - CNN - 20190812:23:41:00
New tonight stocks plunge and sending the dow down nearly 400 points. we learned the budget deficit has surged up 27% just so far this fiscal year which means it is bigger than the entire deficit for last year. you know, look, nearly a trillion in the red. trump has added trillions of dollars in debt. we are now at a record level of borrowing, well over $20 trillion. are all signs flashing warning or not? >> yeah. for me they're flashing bright red, given the massive tax cuts that the president put in place last year and given the large increases in government spending, this deficit we're goin...