Deficit

Government Collects $2.74 Trillion in Taxes In First 10 Months of FY 2017

Despite trillion-dollar tax collection, government still runs $566 billion deficit

The federal government collected $2.74 trillion in taxes in the first 10 months of fiscal year 2017, but the federal government still ran a $566 billion deficit during that time, according to the latest monthly Treasury Department statement.

Government Collects $2.17 Trillion In First 8 Months of Fiscal 2017

Despite high tax collection, government still ran a deficit of $432 billion

The federal government collected approximately $2.17 trillion in taxes in the first eight months of fiscal year 2017, but the federal government still ran a $432 billion deficit during that time, according to the latest monthly Treasury Department statement.

FY 2016 Budget Deficit Larger Than Expected

Now projected to reach $590 billion

cashThe annual federal budget deficit is larger than expected and is now projected to reach $590 billion, according to estimates from the Congressional Budget Office.