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U.S. budget deficit passes $1 trillion mark for fiscal 2019

Published 09/12/2019, 02:35 PM
Updated 09/12/2019, 02:35 PM
U.S. budget deficit passes $1 trillion mark for fiscal 2019

WASHINGTON (Reuters) - The U.S. government posted a $200 billion budget deficit in August, bringing the fiscal year-to-date deficit past $1 trillion, according to data released on Thursday by the Treasury Department.

Analysts polled by Reuters had expected a $195 billion deficit for the month.

The Treasury said federal spending in August was $428 billion, down 1% from the same month in 2018, while receipts were $228 billion, an increase of 4% compared with August 2018.

The deficit for the fiscal year to date was $1.067 trillion, compared with $898 billion in the comparable period the year earlier.

When adjusted for calendar effects, the deficit for August was $141 billion compared with an adjusted deficit of $146 billion in August 2018.

The adjusted fiscal year to date deficit was $1.017 trillion versus an adjusted $878 billion the prior period.

Latest comments

that is why the cry for the inflation . Inflation allows the government to print more money , because the money is losing its value . Deflation would be really bad .
It is Obama's fault
You know we passed Trillion a year ago. They dont count off budget expensess. Last year was 1.6 trillion and this year 1.8Trillion
The economy and government spending are two separate things, which is what this is about. This tells us the GOVERNMENT is spending more than it is extorting from the American workers. My economy is strong because I work. Maybe your economy is not strong because you don’t or won’t work?
Meanwhile China is expected to raise 210 billion deficit!
insanity....the edge of the abyss
No worry. Our economy is soooo strong. few more trillion no problem
let's spend the money from 100 years later
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