The federal deficit rose to $984 billion in fiscal year 2019, the Treasury Department estimated on Friday, an increase of $205 billion, or 26%, from 2018 levels.
Relative to the economy, the deficit is the largest since 2012, when the deficit was $1.1 trillion, and larger for the fourth year in a row. The last time it increased four years in a row was between 1980 and 1983. The annual shortfall is also roughly 50% larger than when President Trump took office.
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