The deficit jumped to $779 billion, the Trump administration said Monday. That's $113 billion or 17% higher than the previous fiscal period, according to a statement from Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney. It was larger than any year since 2012, when it topped $1 trillion. "This fiscal picture is a blunt warning to Congress of the dire consequences of irresponsible and unnecessary spending," Mulvaney said in a statement. "... Going forward, President Trump and this Administration will continue to work with Congress to make the difficult choices needed to bring fiscal restraint, which, when matched with increasing revenue, will reduce our deficit." *
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#budget #deficit #government #trumpadministration #congress #spending #money #mickmulvaney #stevemnuchin #budgeting #usa #business #news #economy #whatalashthink #whatalashthinks
Microsoft Co-Founder Paul Allen passed away Monday afternoon in Seattle at 65 years old, Vulcan Inc. said Monday. His sister, Jody, said he was "a remarkable individual on every level." "While most knew Paul Allen as a technologist and philanthropist, for us he was a much-loved brother and uncle, and an exceptional friend," she said in a statement.
Allen, longtime CEO of Microsoft, also ranked among the world's wealthiest individuals. As of Monday afternoon, he ranked 21st on Forbes' list of billionaires with an estimated net worth of $20.3 billion. *
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#rip #paulallen #technology #microsoft #breaking #breakingnews #whatalashthinks #legend #computer #software
