$1,163,090,000,000: Federal Spending Sets Record Through December
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(Worthy News) – The federal government spent a record $1,163,090,000,000 in the first three months of fiscal 2020 (October through December), according to the Monthly Treasury Statement released Monday afternoon.
That was up $48,008,200,000 from the $1,115,081,800,000 (in constant December 2019 dollars) that the federal government spent in the first three months of fiscal 2019.
While spending a record amount of money in the first quarter of fiscal 2020, total federal tax collections were only the third highest in the nation’s history. [ Source: CNS News (Read More…) ]
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