American paradox: Deficit widens even as economy grows

WASHINGTON --- President Donald Trump likes to take credit for the US economy, with historic low unemployment and few signs of rising prices, but his promises that surging growth would pay for massive tax cuts are falling flat. After an initial bounce in 2018 and in the first three months of 2019, the economy is expected to slow this year. And the US budget deficit is steadily widening, the yawning gap edging closer to $1 trillion after trending downward from its peak in 2009 during the worst of the global financial crisis. Trump promised to supercharge growth to three percent or higher, and claimed the tax cuts would pay for themselves by spurring investment and employment, wh...

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