US May monthly budget statement -$207.8B vs -$199.5B expected

Author: Adam Button | Category: News

The latest US deficit figures

  • Last May was -$146.8B
  • April was +160.3B
  • Year-to-date deficit $739B vs $532B a year ago
  • Outlays $440B vs a year ago at $364B
  • Receipts $232B vs $217B a year ago
What ever happened to all those deficit hawks? The CBO projection this year is $900B and rising to $1 trillion beginning in 2022 and hitting $1.3 trillion in 2029. I'll take the 'over'.

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