October 2017 Federal Deficit
Submitted by Atlas Indicators Investment Advisors on November 14th, 2017America’s fiscal year 2018 is underway, and the Department of Treasury celebrated the New Year with a larger deficit than in October 2016 (the beginning of last fiscal year). Our nation’s budget shortfall was $63.2 billion, an increase of 37.9 percent compared to a year ago. Although receipts grew versus the same period a year ago, spending accelerated more.