The Federal Government ran a $220B deficit in August which is the largest monthly deficit since last July. Figure: 1 Monthly Federal Budget Looking historically at the month of August shows this month as the largest ever (red bar). Despite all-time record revenues for August, spending jumped from $439B last August to $523B this August, […]
The post Treasury Runs Largest August Deficit Ever as Interest Costs Soar first appeared on SchiffGold.