U.S. Budget: Growing Deficit Set

In the eighth straight record-setting month, the deficit now stands at $991.9 billion fiscal year-to-date, even larger than consensus expected. Relative to the prior year, government receipts were down 5.7 percent, while spending went the other direction, up 5.8 percent. Oversized deficits will be a reality for the foreseeable future. Outlays Rose, Receipts Fell The U.S. government is deeper in the red than it has ever been as taxes continue to come in at a slower pace than last year and