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U.S. Deficit Grows to $60B in June

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  • Description

    FBN’s Peter Barnes on the U.S. federal deficit growing to $60 billion during the month of June.

  • Duration 0:59
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Can Peter Barnes is with -- I -- federal budget Peter.

That's right tracer we have the monthly a deficit numbers the deficit grew in June compared to last year the Treasury Department reporting it was sixty billion dollars last month.

Up from 43 million dollars a year ago.

Now for the fiscal year today -- hit 904.

Billion.

Down from 971.

Million by this time in fiscal -- eleven treasury always points out.

Different accounting issues that may affect the numbers for example July 1.

Was a Sunday so 35 billion dollars in regular monthly benefit payments work accelerated.

Into June so that increase the deficit but the bottom line here -- -- the US is headed for its fourth trillion dollar plus deficit spending year Tracy and actually.

Peter thank you very much and you know it's crazy ash is that they if they -- and they bring these ridiculous bills to the floor yep.

There's one on the floor now that families need to sit together on airplanes.

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