US budget deficit topped $1 trillion in 2019 for the first time in seven years

IMG Auteur
 
Published : January 14th, 2020
82 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

CNBC/Jeff Cox/1-13-2020

“The budget shortfall hit $1.02 trillion for the January-to-December period, a 17.1% increase from 2018, which itself had seen a 28.2% jump from the previous year.”

USAGOLD note: And that’s the political deficit, i.e., the one the politicians and government bureaucrats reference.  The real addition to the national debt was over $200 billion more – or $1.258 trillion.  The national debt stood at $23.2 trillion on December 31, 2019 – up 5.7% on the year.


Cartoon courtesy of Scot Stantis

Read the rest of the article at USA Gold
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS