Federal Taxes and Spending Set Records Through June
(Worthy News) – The federal government set new records for taxing and spending through the first nine months of fiscal 2021 (October through June), according to the Monthly Treasury Statement.
Federal taxes hit a record $3,056,078,000,000 while federal spending climbed to a record $5,294,027,000,000.
The resulting deficit of $2,237,949,000,000 was the second-highest ever for the first nine months of the year, falling below the $2,892,260,760,000 deficit (in constant June 2021 dollars) that the federal government ran in the first nine months of fiscal 2020. [ Source: CNS News (Read More…) ]
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