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