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Economy

“Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit…”

“The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today. Despite collecting that record amount in taxes, however, the federal government still… Continue Reading…

Economy

[U.S.] “Deficits to exceed $12 trillion through 2029: CBO”

“The federal government will rack up $12.2 trillion in deficits through 2029, according to a new projection from the nonpartisan Congressional Budget Office (CBO), an $809 billion increase from its last projection in May…” https://thehill.com/policy/finance/458232-deficits-to-exceed-12-trillion-through-2029-cbo

Economy

Debt: “U.S. Budget Deficit Already Exceeds Last Year’s Total Figure”

“The gap grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from the same period a year earlier, the Treasury Department said in its monthly budget report on Monday. That’s wider than last fiscal… Continue Reading…

Economy

“Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion”

“For the first time in the history of the United States, the federal government has spent more than $3 trillion in the first eight months of the fiscal year, according to the Monthly Treasury Statement released today. The record $3,013,541,000,000 that… Continue Reading…

Economy

“US budget deficit running 15% higher than a year ago”

“The federal government reported a $146.9 billion deficit in March, causing annual debt to rise 15% for the first half of the budget year compared to the same period in 2018. The Treasury Department said Wednesday in its monthly report… Continue Reading…

Banking, Business, Economy

“The federal budget posted a record monthly deficit in February”

“The U.S. posted its largest monthly budget deficit on record in February with a gap of $234 billion, breaking the previous $231.7 billion mark set in February 2012, Bloomberg reports. The big picture: According to Treasury data released Friday, the… Continue Reading…