Budget deficit smashes $1 trillion mark, the highest in seven years

CNBC/Jeff Cox/9-12-2019

“The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first time that level has been eclipsed in seven years, the Treasury Department reported Thursday. The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August.”

USAGOLD note:  Another year another trillion or so of national red ink. . . .

 

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