U.S. Deficit Tops $1 Trillion in First 11 Months of Fiscal Year, Treasury Says

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U.S. deficit tops $1 trillion in the first 11 months of the fiscal year, the first time it has exceeded that amount since 2012

WASHINGTON—The U.S. budget gap widened to more than $1 trillion in the first 11 months of the fiscal year, the Treasury Department said Thursday, the first time deficits have topped that amount in seven years.

Higher spending on the military, rising interest expenses on government debt and weak revenues early in the fiscal year combined to push the deficit up 19% from October through August, compared with the same period a year earlier. Government spending climbed 7%, to $4.1 trillion, outpacing higher federal tax receipts,...

 

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Remember when the GOP pretended to give a shit about deficits? RichLowry NRO

Somebody tell Hannity. He doesn’t seem to talk about the deficit anymore

He’s bankrupt his businesses...he’s taking us that way now...

SteveScalise Fiscal Conservative? Where is the Tea Party outrage now?

No wonder trump has cut foreign aid to the poor nations. THERE IS A LOT OF MONEY BEING WASTED UNNECESSARILY.

realDonaldTrump thank you for this milestone. GroverNorquist, SpeakerRyan your thoughts on this shameful milestone in public will be appreciated. Oh that right - this is a republican administration

Where’s the tea party outrage? They never cared. It was a ruse. It was simply racist attack for the first black man in the White House.

crickets from the GOP and the fiscal conservatives

How strong is a bankrupt nation. US bond rating will be lowered soon. Funding deficit will get very expensive. Government spending including military will need to be slashed. This is a national security threat. A weak nation cannot defend itself. GOP are speeding US to bankruptcy

With interest rates this high and the economy struggling this makes complete sense...

We need a balanced budget and no more selfish spending from democrats!

Waiting for the TEA party folks to storm Washington

TrumpEffect

An important information for the 2020 elections !

This is during economic growth. Republicans acting like they are a fiscally Conservative party are a joke.

The Conservatives have become the spend more party. What a joke! If you vote for the Republican ticket you should have your head examined.

Great job Trump

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