- July was a deficit of $291 billion
- Last August was a deficit of $371 billion
- Year-to-date deficit of $1.973 trillion versus last year at $1.897 trillion
- Outlays $689 billion vs $687 billion last August
- Receipts $344 billion vs $307 billion last August
I budget deficit numbers are running at relatively stable and completely unsustainable levels. I don’t see any political will to get the budget closer to balance. For reference, tariffs have raised about $88 billion in revenue so far, with a run rate around $200-$250 billion, which doesn’t even cover the July deficit.
This article was written by Adam Button at investinglive.com.
