Politics

Republican Congress and President Set Monthly Federal Spending Record

Teunis Felter
Written by Teunis Felter

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.

http://www.cnsnews.com/news/article/terence-p-jeffrey/monthly-federal-spending-tops-400b-first-time

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About the author

Teunis Felter

Teunis Felter

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.