US monthly budget statement
- Deficit of $215B compared to $192B in Feb 2017
- Outlays $371B vs $364B in Feb 2017
- Receipts $156B vs $172B in Feb 2017
The deficit for the fiscal year than began in October is $391B compared to $351B through this time a year ago.
One conversation you don't hear enough about in financial markets: what will be done about the deficit. It's not that the deficit matters in the short term, it's that there is no way Trump is going to go into the 2020 election with a big deficit and the risk is that something economically detrimental is the solution to deficits.
