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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (1141272)6/12/2019 5:40:56 PM
From: sylvester80  Respond to of 1580203
 
BOMBSHELL: 8 month Budget Deficit Balloons to $739 Billion, UP 39% from last year, Despite Tariff Revenue
By Sarah McGregor
June 12, 2019, 11:00 AM MST Updated on June 12, 2019, 12:20 PM MST
bloomberg.com

The U.S. budget deficit widened to $738.6 billion in the first eight months of the fiscal year, a $206 billion increase from a year earlier, despite a revenue boost from President Donald Trump’s tariffs on imported merchandise.

The shortfall was 38.8% more than the same period a year ago, the Treasury Department said in its monthly budget review released on Wednesday. So far in the fiscal year that began Oct. 1, a revenue increase of 2.3% hasn’t kept pace with a 9.3% rise in spending.