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BREAKING: The US Treasury posted a $291 billion budget deficit in July, the 2nd-largest deficit for any July on record.
The gap marks a sharp reversal from June’s $27 billion budget surplus.
This comes as government spending surged +9.7% YoY to $630 billion, the 2nd-highest
时政
(
twitter.com
)
BREAKING: The US Treasury posted a $291 billion budget deficit in July, the 2nd-largest deficit for any July on record.
The gap marks a sharp reversal from June’s $27 billion budget surplus.
This comes as government spending surged +9.7% YoY to $630 billion, the 2nd-highest since January.
Meanwhile, revenue rose just +2.5% YoY to $338 billion, including $29.6 billion in tariff revenue.
The deficit is now up +7.4% YoY, to $1.63 trillion FYTD, putting this year on track for the 3rd-largest deficit in history.
The deficit spending crisis is worsening.
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🚨 BREAKING 🚨
SFT unfurled a giant banner on an overpass above Xi’s motorcade as he was arriving in Paris. In China, Xi may be able to ignore the plight of Tibetans, but in France we are going to expose his lies and guarantee that Xi cannot forget us.
#FreeTibet #TibetLibre
时政
(
twitter.com)