The budget deficit for fiscal year 2018 hit $779 billion, according to the Treasury Department.
The deficit increased by 17% compared to 2017 and is the largest deficit since 2012.
The GOP tax bill and massive budget agreement helped to grow the deficit.
The increase in the deficit will only accelerate in years to come, the Congressional Budget Office warns.
The US federal budget deficit jumped to $779 billion in fiscal year 2018, the highest level since 2012, according to the Treasury...