Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
National

Business Profits Help Cut U.S. Budget Gap

This week, the White House is expected to announce that this year's budget deficit has dropped to about $250 billion, from last year's $318 billion. This improving budget picture is due largely to soaring business profits.

Steve Inskeep discusses the deficit outlook with David Wessel, deputy Washington bureau chief for The Wall Street Journal.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

What questions do you have about the Statewide General Election coming up on Nov. 8? Submit your questions here, and we'll try to answer them in our reporting.