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The US monthly budget deficit dropped to $88 billion in October, down 47% for the year


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The US government recorded a monthly budget deficit of $88 billion in October, the Treasury Department reported Thursday.

That’s 47% lower than the October 2021 deficit of $165 billion and just below economists’ expectations of $90 billion, according to consensus estimates on Refinitiv.

During October, which is the first month for the government’s 2023 fiscal year, unadjusted spending dropped 9% to $406 billion and revenues increased 12% to $319 billion.

https://www.cnn.com/2022/11/10/economy/us-monthly-budget-deficit-october/index.html

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Posted
2 hours ago, HappyinNE said:

How about a bunch of spending cuts.  I don't believe that you can find enough loopholes and tax breaks to come close to balancing the budget.

Got any analysis to support that belief?

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