Budget Deficit

Al Drago/Pool via AP

Updated 10/16/20, 9:51 a.m.

WASHINGTON — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring.

AP Photo/Andrew Harnik

WASHINGTON — The U.S. government's war against the coronavirus is imposing the heaviest strain on the Treasury since America's drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago.

Martin Falbisoner / CC BY-SA 3.0 / Wikimedia Commons

WASHINGTON — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record.

U.H. Cancer Center Funding Up Next Session

May 11, 2015
Wayne Yoshioka

The State Legislature did not provide additional funding this session for the University of Hawai’i Cancer Center which is operating with an annual 13-million dollar deficit.   As HPR’s Wayne Yoshioka reports, the center will be a top priority when lawmakers meet next year, because the state stands to lose much more than a research facility.