The federal budget deficit swelled 17% to $779 billion in fiscal year 2018, the Treasury Department said on Monday, driven in large part by a sharp decline in corporate tax revenues after the Trump tax cuts took effect.

The federal budget deficit swelled 17% to $779 billion in fiscal year 2018, the Treasury Department said on Monday, driven in large part by a sharp decline in corporate tax revenues after the Trump tax cuts took effect. https://t.co/S0jucrAewx

— Ariana Pekary (@arianapekary) October 16, 2018