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Mon May 13, 2019, 05:24 PM

Federal Spending Sets Record Through April

By Terence P. Jeffrey | May 10, 2019 | 6:13 PM EDT

(CNSNews.com) - The federal government spent $2,573,708,000,000 in the first seven months of fiscal 2019 (October through April), setting an all-time record for real federal spending in the first seven months of a fiscal year, according to data published in the Monthly Treasury Statements.

Prior to this fiscal year, the most that the federal government had ever spent in the first seven months of a fiscal year was in fiscal 2011, when it spent $2,476,257,690,000 in constant April 2019 dollars (adjusted using the Bureau of Labor Statistics inflation calculator).

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Federal spending in the first seven months of this fiscal year exceeded the previous record by $97,450,310,000.

At the same time that the Treasury was spending the most it has ever spent in the first seven months of a fiscal year, it also ran a deficit of $530,870,000,000.

With April 15 as the deadline for filing tax returns, the month of April is ordinarily a boom time for federal tax collections—and this year was no exception. The Treasury collected $535,545,000,000 in total taxes during the month compared to $228,811,000,000 in March and $167,265,000,000 in February.

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https://www.cnsnews.com/news/article/terence-p-jeffrey/2573708000000-federal-spending-sets-all-time-record-through-april

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Reply Federal Spending Sets Record Through April (Original post)
RCW2014 May 13 OP
Cold Warrior May 13 #1
quad489 May 13 #2

Response to RCW2014 (Original post)

Mon May 13, 2019, 05:37 PM

1. CNS News!!!! Damned librul media

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Response to RCW2014 (Original post)

Mon May 13, 2019, 06:48 PM

2. In other shocking news, the prices of things has increased since 1977...............

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