U.S. Posts Largest-Ever Monthly Budget Deficit in February | WHAT REALLY HAPPENED


U.S. Posts Largest-Ever Monthly Budget Deficit in February

The U.S. posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year.

The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 billion set seven years ago, according to data compiled by Bloomberg.

February’s shortfall helped push the deficit for the first five months of the government’s fiscal year to $544.2 billion, up almost 40 percent from the same period the previous year, the Treasury Department said in its monthly budget report Friday. The release was delayed a week by the government shutdown earlier this year.

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The cost of war and illegal immigration, not to mention the constant hand-outs to Israel.

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