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Monthly Federal Spending Tops $400B for First Time

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CNS News
July 14, 2017

Real monthly federal spending topped $400 billion for the first time in June, when the Treasury spent a record $428,894,000,000, according to the Monthly Treasury Statement released today.

Prior to June, the record for federal spending in a single month was held by March 2017, when the Treasury spent approximately $392,816,000,000.

In August 2012, the Treasury spent $392,408,410,000 in constant 2017 dollars.

As the Treasury was spending a record $428,894,000,000 in June it was taking in approximately $338,660,000,000 in taxes—thus, running a deficit for the month of $90,233,000,000.

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This article was posted: Friday, July 14, 2017 at 8:40 am





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