[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Steve Martin's 'King Tut' Sketch Is Racist, Liberal Arts Students Say

Fake News Is Only the Beginning. The FCC Votes to Let Monopolies Decide What Local News You See

No, you’re not being paranoid. Sites really ARE watching your every move

JFK Files: The CIA Planned To Murder American Citizens In Miami And Blame It On Cuba During Operation Mongoose

Video So Gruesome, Cop Sentenced to 5 Years For Shooting Into Car of Teens, 16 Times

Study Debunks Feminism: Women Still Attracted to “Toxic Masculinity”

Student radio hosts yanked from air, suspended after using the word ‘tranny’

Cowboys, Truckers and Us

PV Police Chief's Gun Missing (Realizes he left it in the Library Bathroom, 4 days later)

General says he'd deny 'illegal' order for nuke strike

Happy Thanksgiving 2017!

Vegas Massacre Cover-Up: PR Firm Hired by Mandalay Bay Exposed Pushing Disinformation on Conspiracy Theories

20,000 DWI Cases May Be Thrown Out After Cop Arrested for Tampering With Breathalyzers

Country music legend Mel Tillis dead at 85

Helter skelter: The history of Charles Manson and rock 'n' roll

Grant Cardone was at Mandalay Hotel and he doesn't believe the official story

How a government-sanctioned scam in Newburgh Heights has taken thousands of dollars from drivers

The Cops Were Chasing a Shoplifter. They Ended Up Destroying an Innocent Man's Home.

Amtrak train smashes car in New Hampshire after GPS directed driver onto tracks

Cooking Hamburgers With Thermite

Making Charcoal the Easy Way

Homemade Gunpowder, For Science!

100% TWO ACTUAL SHOOTERS ON VIDEO IN VEGAS - According to Joe

Study reveals how a very low calorie diet can reverse type 2 diabetes

Trump’s overseas trips reap goodwill and trade agreements

Harvard University hosts anal sex workshop (Anal University)

AC/DC co-founder Malcolm Young dies aged 64

Apple's first vice president of diversity stepping down after six months in the job, report says

NY Times Reporter Calls For Censorship of Creepy Videos Of Joe Biden Inappropriately Touching Kids

Al Franken accuser says disgusting USO tour grope photo was an 'in your face' parting shot after nearly two weeks of being 'belittled and humiliated' by future senator

Alabama G.O.P. Says It Stands Behind Roy Moore

Florida Man Being Chased By Police Asks 911 To Call Donald Trump

Ex-Cops Who Fought Against Legal Weed Just Opened a Marijuana Business

Police mistook hibiscus plants for marijuana, arrested Buffalo Township couple, suit claims

Cops Accidentally Film Themselves Planting Cocaine in a Man’s Wallet

FDA, DEA Launch Massive Assault On Kratom – Drug War for Miracle Plant Ramping Up

‘Come Meet a Black Person’ Event in Atlanta

After Admitting to Secretly Experimenting on Troops, Army Refusing to Provide Them Medical Care

A Sheriff Just Threatened Charges Over ‘F*ck Trump’ Sticker — and the Internet Is Destroying Him

Cops Accuse Innocent Man of Breaking Into His Own Truck—So They Shot Him, Twice

"I've Been Banned From Facebook For Sharing An Article About False Flags"

Health Effects: Alcohol vs. Marijuana

Toledo Cops Raid Wrong House, Kill Dogs, Thousands in Damage

Clearwater Beach man facing eviction over emotional support squirrel

U.S. Chamber:"Dreamers" Make America, Americans Have No Role

FBI Seeks Senate Documents on Abortionists' Sale of Fetal Tissue, Body Parts

oman accuses Al Franken of kissing, groping her without consent

What is the worst restaurant experience you ever had?

Judge Moore Sends Defiant Open Letters to Hannity After Fox News Host Gives Him Ultimatum

Trump's cheeseburger draws a crowd at Tokyo restaurant


Status: Not Logged In; Sign In

United States News
See other United States News Articles

Title: Monthly Federal Spending Tops $400B for First Time
Source: CNS News
URL Source: http://www.cnsnews.com/news/article ... -spending-tops-400b-first-time
Published: Jul 13, 2017
Author: Terence P. Jeffrey
Post Date: 2017-07-14 23:20:35 by Deckard
Keywords: None
Views: 134

(Screen Capture)

(CNSNews.com) - Real monthly federal spending topped $400 billion for the first time in June, when the Treasury spent a record $428,894,000,000, according to the Monthly Treasury Statement released today.

Prior to June, the record for federal spending in a single month was held by March 2017, when the Treasury spent approximately $392,816,000,000.

In August 2012, the Treasury spent $392,408,410,000 in constant 2017 dollars

As the Treasury was spending a record $428,894,000,000 in June it was taking in approximately $338,660,000,000 in taxes—thus, running a deficit for the month of $90,233,000,000.

So far in fiscal 2017 (which began on Oct. 1, 2016 and will end on Sept. 30, 2017), the Treasury has brought in $2,507,820,000,000 in taxes and spent $3,030,903,000,000—running a deficit of $523,082,000,000.

Last year in June, the federal government spent $323,320,000,000—or $328,303,590,000 in constant 2017 dollars. The record $428,894,000,000 that the federal government spent this June is $100,590,410,000 more (in constant 2017 dollars) than last June’s spending.

The dramatic increase in spending from last June to this June was driven by increases in spending by the Departments of Education, Housing and Urban Development and Health and Human Services. It was also helped by the fact that the first day of July fell on a Saturday rather than a business day.

In June 2016, the Department of Education spent $12,096,000,000 and by that point in fiscal 2016, it had spent $59,457,000,000. This June, the Department of Education spent $45,691,000,000 and so far this fiscal year, it has spent $90,206,000,000.

This year’s June Department of Education spending is $33,595,000,000 more than last year’s.

In June 2016, the Department of Housing and Urban Development spent $3,294,000,000 and up to that point in fiscal 2016, it had spent $20,169,000,000. This June, Housing and Urban Development spent $24,443,000,000, and so far this fiscal year, it has spent $49,498,000,000.

This year’s June Housing and Urban Development spending is $21,149,000,000 more than last year’s.

In June 2016, Health and Human Services spent $87,030,000,000 and up to that point in fiscal 2016, it has spent $792,492,000,000. This June, HHS spent $113,925,000,000 and so far this fiscal year it has spent $823,914,000,000.

In its own analysis of federal spending for June, the Congressional Budget Office explained the massive increases in Education and HUD spending during the month.

“Outlays for the Departments of Education and Housing and Urban Development increased by $33 billion and $21 billion respectively, because of upward revisions to the estimated net subsidy costs of loans and loan guarantees issued in prior years,” said CBO.

CBO also noted the impact of July beginning on a Saturday.

“Because July 1 fell on a weekend this year, certain payments scheduled for that date were instead made in June,” said CBO. “If not for that shift, the deficit in June 2017 would have been about $44 billion lower.”

(3 images)

Post Comment   Private Reply   Ignore Thread  


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com