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The government is acting like a spendthrift family, piling up credit card bills even though times are good. Elise Amendola/AP hide caption

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Elise Amendola/AP

Politics

Despite Strong Economy, Federal Deficit Soars

Even with a healthy job market and rapid economic growth, the federal government is piling up debt. The government's deficit is expected to top $1 trillion next year.

The government is acting like a spendthrift family, piling up credit card bills even though times are good. Elise Amendola/AP hide caption

toggle caption
Elise Amendola/AP

Despite Strong Economy, Federal Deficit Soars

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Percy White Jr. holds his son Percy White III, circa 1963. Courtesy of Percy Ell White III hide caption

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Courtesy of Percy Ell White III

'Him Doing Well Was Through His Children': Sharecropper's Son Makes Dad Proud

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