U.S. Budget Deficit UPDATES: Deficit Approaches $1.1Trillion For Past 12 Months!

Each month, we take a look at the U.S. Treasury's "Monthly Treasury Statement". We try to highlight - or, lowlight, as the case may be - key numbers. We have used Twitter for that, but realize that we should also share it here.

2/12/20: The January report is out. January has been one of the few months of the year where income exceeds spending. Not so this time. January 2020 was the first time in the past five years to show a deficit, of $32.6M. In fact, it was the worst January since 2011, when the country was still recovering from the Great Recession. In Fiscal Year 2016, the surplus in January was $55.2M.

The U.S. budget deficit for the past 12 months (Feb '19 - Jan '20) hit $1.1Trillion! ($1.1T if you round up; $1,063,321,000,000, to be precise.) The national debt is now at $23.3T.

We now have 1/3 of FY2020 in the books and we can see some spending trends taking shape. The only categories showing less spending than in the previous FY are the Labor Department (down 1.3% to $10B), and the Small Business Administration (18.3% less, to $352M). The General Services Administration is showing a profit for the first four months of the FY.

BREAKING: The U.S. budget deficit for the past 12 months (Feb '19 - Jan '20) hit $1.1Trillion! ($1,063,321,000,000, to be precise.) The national debt is now at $23.3T.

MORE DETAILS, and the report: https://t.co/8wEJPepyH1 pic.twitter.com/iK6hHAAPSg

— Arizona's Politics (@AZs_Politics) February 12, 2020

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Hey, #GoodNews?!? Our federal budget deficit was *ONLY* $3.9 billion higher last month than in the preceding November!

Unfortunately, #BadNews. Our federal budget deficit for the past 12 months was officially OVER $1 TRILLION! pic.twitter.com/ZhjONVYe2b

— Arizona's Politics (@AZs_Politics) December 11, 2019

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🚨BREAKING: Our budget deficit for October was $134B. That is a 34% INCREASE compared to the previous Oct.

This as our national public debt approaches $22.5T. pic.twitter.com/0ynCaEMWjs

— Arizona's Politics (@AZs_Politics) November 13, 2019

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cc: @RepAndyBiggsAZ (I do admire his willingness to keep the debt clock on the website.)

Re: tariffs: it appears from today's report that tariffs (not broken out by country) have increased by $2.2B from the previous Oct.

Source: https://t.co/fJzLew7KxE

— Arizona's Politics (@AZs_Politics) November 13, 2019

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Another note re: @ICEgov, spending on "Immigration and Customs Enforcement" went DOWN (negligibly) when compared to last October. From $641M (in a month!) to $638M.

— Arizona's Politics (@AZs_Politics) November 13, 2019

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