Federal Taxes, Spending and Deficit All Set Records Through May
The federal government set new records in the taxes it collected, the spending it engaged in and the deficit it ran through the first eight months of fiscal 2021 (October through May), according to the Monthly Treasury Statement.
Biden Budget: $14.5 Trillion in Deficits Over Next 10 Years
The budget proposal that President Joe Biden released today calls for the federal government to run a cumulative deficit of $14.53 trillion ($14,531,000,000,000) over the next ten years.
Federal Taxes, Spending and Deficit All Set Records Through April
Federal taxes, spending and the federal deficit all set records through the first seven months of fiscal 2021 (October through April), according to the Monthly Treasury Statement.
U.S. trade deficit soars to record high
As cargo ships clogged U.S. ports, the trade deficit soared to a record high in March. The Commerce Department reported Tuesday that the trade gap widened by 5.6%.
U.S. budget deficit surges to record $1.7 trillion — nearly double the previous high
The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year, nearly double the previous record, as another round of economic-support checks added billions of dollars to spending last mon…
US Trade Deficit Hit All-Time High in Biden’s First Full Month in Office
The U.S. trade deficit hit an all-time high in February as Americans bought more imported goods in President Joe Biden’s first month in office.
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