Treasury Building in Washington, D.C. The trend toward rising red ink was widely anticipated, given the GOP tax cuts and other government policies, including the president's demand for beefed-up military spending. Chip Somodevilla/Getty Images hide caption
Walter M. Shaub Jr., director of the Office of Government Ethics, notified the White House and federal agencies in April that his office wanted to see all ethics waivers issued by President Trump's administration, setting a June 1 deadline. J. Scott Applewhite/AP hide caption
Budget director nominee Rep. Mick Mulvaney, R-S.C., testifies on Capitol Hill on Tuesday. Carolyn Kaster/AP hide caption