The U.S. recorded a $89 billion budget surplus in August, as a result of savings from the student loans program , the Treasury Department said Tuesday.
The numbers: The U.S. recorded a $89 billion budget surplus in August, compared with a deficit of $220 billion in the same month last year, the Treasury Department said Tuesday.On a longer-run basis, the deficit is getting larger. For the first 11 months of this fiscal year that ends Sept. 30, the deficit widened to $1.5 trillion, up 61% from $946 billion in the same period one year ago.
Key details: Accounting for the White House student loan program played a big role in the improvement in the budget picture in August. The government did not spend $319 billion of funds it had allocated for the program because it was blocked by the Supreme Court. So instead of a wider deficit in August, the government reported a surplus.
Big picture: The Congressional Budget Office forecast Monday that the annual deficit will double this coming year to $2 trillion, excluding the accounting for the student loan plan. Wall Street is starting to get alarmed by the projected path of the budget deficit. Maya MacGuineas, president of Committee for a Responsible Federal Budget, on Monday said the national debt is on a growth trajectory to hit a new record in six years. She suggested a bipartisan fiscal commission could be in order to bring the gap between revenue and outlays into better balance.
Market reaction: Stocks DJIA SPX were higher on Wednesday. The10-year Treasury note yield BX:TMUBMUSD10Y slipped to 4.26%.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
White House threatens to veto House GOP defense spending billThe Biden administration slammed “divisive policy provisions” in the bill, such as limits on the Pentagon’s abortion travel policy.
続きを読む »
White House pleads with media outlets to scrutinize House GOP impeachment pushThe White House is cajoling media outlets to be more skeptical of the House GOP impeachment inquiry into President Biden, dispatching a memo Wednesday that points to Republicans who are skeptical of the effort.
続きを読む »
Summer House's Lindsay Hubbard Wipes Ex Carl Radke From Instagram‘Summer House’ costars Lindsay Hubbard and Carl Radke called off their engagement in August
続きを読む »
Ahsoka the White Explained: Why Does She Wear a White Robe & How Powerful Is She?Fans finally got to see Ahsoka the White, the improved version of the titular heroine of the Disney Plus series.
続きを読む »
Chucky Season 3 Photos Preview The Killer Doll's New Life in The White HouseA new batch of Chucky Season 3 photos from the upcoming return of the Child's Play spin-off series has been released.
続きを読む »