Federal Taxes, Spending and Deficit All Set Records Through April
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(Worthy News) – Federal taxes, spending and the federal deficit all set records through the first seven months of fiscal 2021 (October through April), according to the Monthly Treasury Statement.
Federal tax revenues hit a record $2,143,134,000,000 for the period while federal spending climbed to $4,074,970,000,000, resulting in a federal deficit of $1,931,836,000,000.
This is the first time that federal spending has exceeded $4 trillion in the first seven months of a fiscal year. [ Source: CNS News (Read More…) ]
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