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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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  • U.S. Deficit At Zero In December 2012 0 comments
    Jan 18, 2013 3:40 PM

    The U.S. has done a good job in the month of December 2012. Its outlays of $270 billion were fully absorbed by receipts of $270 billion which makes the December 2012 deficit zero (Chart 1).

    I think most of this is due to the fact that the debt ceiling was reached in December, so the U.S. couldn't spend as much money as it could.

    (click to enlarge)
    Chart 1: Deficit to Outlay Ratio U.S.
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