After a decline in budget deficits over the past several years, the deficit is projected to increase significantly in FY2019, according to a new report from the Congressional Research Service. Each fiscal year, Congress and the President engage in a number of activities that influence short- and long run revenue and expenditure trends. This report offers context for the current budget debate and tracks legislative events related to the federal budget.
The report can be obtained at https://fas.org/sgp/crs/misc/R45202.pdf.