US reports record monthly budget deficit of $737.9B vs est. of $737.0B
Estimate of -737.0B
April is usually a budget surplus month as tax payments are due. Not this year as April 15 was extended to July 15th. That is compounding the issue this month.
- Total receipts $241.863B versus $535,.45 a year ago
- total spending $979.714B versus $375.240 a year ago