Federal deficit increases 26% to $984 billion for fiscal 2019, highest in 7 years

The U.S. Treasury on Friday said that the federal deficit for fiscal 2019 was $984 billion, a 26% increase from 2018 but still short of the $1 trillion mark previously forecast by the administration.  The gap between revenues and spending was the widest it’s been in seven years as expenditures on defense...