Feds Take Up Where They Left Off; Run Another Big Deficit to Start Fiscal 2023
After running a $1.3 trillion deficit in fiscal 2022, the U.S. government took up right where it left off to start fiscal 2023 — running yet another big budget deficit. The October budget shortfall came in at $87.8 billion despite another month of healthy government...
Despite Historically High Tax Receipts Feds Still Digger Deeper into Debt
The federal government is rolling in dough. But it’s digging itself deeper into debt. How can this be? U.S. tax receipts surged this year. Through August, the U.S. Treasury had collected over $4.4 trillion in revenue for fiscal 2022 with one month left to go....
More of the Same: Feds Run Another Big Budget Deficit in August
Some things never change — such as the federal government spending more money than it has month after month after month. August was no different. The U.S. government ran a massive $219.6 billion budget deficit last month, according to the latest Monthly Treasury...