Federal Taxes, Spending And Deficit All Set Records In First Half Of FY2021

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Federal taxes, spending and the federal deficit all set records in the first six months of fiscal 2021 (October through March), according to the Monthly Treasury Statement.

Federal taxes climbed to a record $1,703,949,000,000 in the October-through-March period, while federal spending climbed to $3,410,194,000,000.

The gap between the record federal tax collections and the record federal spending in the October-through-March period resulted in a record federal deficit of $1,706,245,000,000.

Read more at CNS News.

{Matzav.com}

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