06-24-2018, 10:17 PM
|
#138
|
|
Registered User
Join Date: Oct 2004
Posts: 14,036
|
When in doubt.... *BUMP*
Surprised this was never brought up on here... 
U.S. government posts $147 billion deficit in May
Quote:
Economists caution that the Trump administration’s corporate and individual tax cuts along with an increase in government spending will drive up the country’s deficit despite a robust economy in which the unemployment rate has fallen to an 18-year low.
The deficit for the fiscal year, which began last October, was $532 billion, compared to a deficit of $433 billion in the same period of fiscal 2017. On an adjusted basis, the gap was $584 billion compared with $473 billion in the prior period.
Unadjusted receipts last month totaled $217 billion, down 10 percent from May 2017, while unadjusted outlays were $364 billion, a rise of 11 percent from the same month a year earlier.
|
|
|
|
