July budget statement:

  • Last July was -76.9B$
  • Up 27% compared to first 10 months of the year last year
  • Year-to-date deficit $867B vs $684B a year ago
  • Revenue $251B versus$$225B year ago
  • Spending $371B vs $302B a year ago

The deficit over the past 10 months now exceeds the entire deficit of fiscal-year 2018.