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

 

More good news, and two more years for it to sink in.

6 hours ago, Chomper Higgot said:

More good news, and two more years for it to sink in.

Time for a balanced budget?

8 minutes ago, HappyinNE said:

Time for a balanced budget?

Undoing loopholes and reversing massive tax breaks given to the rich is certainly long overdue. 

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.

A troll post with a trolling image has been removed.

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?