U.S. government deficit YTD exceeds full year FY2019
Jun. 10, 2020 5:21 PM ETBy: Liz Kiesche, SA News Editor8 Comments
- The U.S. government's total outlays exceeded its total receipts by $399B in May, according the monthly Treasury statement.
- Fiscal YTD, the government's deficit comes to $1.88T, almost double the entire fiscal 2019 deficit of $984.4B.
- The government's fiscal year starts on Oct. 1.