Budget Deficit Spiked In January, CBO Report Finds
A spike up here. A spike up there. Thing is, the underlying deficit trend is strongly up as well and has been for a very long time.
(From The Daily Caller)
The estimated January federal budget deficit was $165 billion, $132 billion more than the deficit in January 2020, according to a Congressional Budget Office (CBO) report released Tuesday. The federal budget in the first four months of fiscal year 2021, which started in October, was $738 billion, an 89% jump compared to the same period last year.
This article was originally posted here: https://www.ac2news.com/2021/02/budget-deficit-spiked-in-january-cbo-report-finds/.
