June 12, 2019

SIC TRANSIT TRUMPONOMICS:

U.S. budget deficit balloons to $739 billion despite tariff revenue (BLOOMBERG, JUN 12, 2019)

The U.S. budget deficit widened to $738.6 billion in the first eight months of the fiscal year, a $206-billion increase from a year earlier, despite a revenue boost from President Trump's tariffs on imported merchandise.

The shortfall was 38.8% more than a year earlier, the Treasury Department said in its monthly budget review released Wednesday.

Posted by at June 12, 2019 6:06 PM

  

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