Conservative government? Despite controlling both houses in Congress and the Presidency, Republicans oversaw a federal spending record. The 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. 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. 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.
About the author
Teunis Felter has over 20 years experience as an author, editor, and scientist. When not exploring outside, he enjoys reading history, researching genealogy, and civilly discussing politics.