U.S. Runs $63 Billion Budget Deficit In October

This is source I found from another site, main source you can find in last paragraph

The numbers: The federal government ran a budget deficit of $63 billion in October, the first month of fiscal 2018. The shortfall was $17 billion more than in the same month last year. Spending was up 12% in the month, while revenues rose 6%.

What happened: Major drivers for higher spending in October included homeland security programs and education, the Treasury Department said in its monthly report. Receipts of individual income and payroll taxes were 7% higher than in October 2016, a factor usually attributed to increases in wages and salaries.

Big picture: The first monthly budget figures of the new fiscal year come as President Donald Trump and congressional Republicans are pushing a major tax cut that congressional analysts say could add as much as $1.7 trillion to the deficit over 10 years. Senate rules, however, require tax legislation to stay within a tax cut of $1.5 trillion over a decade. The House is expected to vote on its tax bill this week, while the Senate Finance Committee begins consideration of its own measure on Monday.

Also see: The Trump tax calculator — will you pay more or less?

This is source I found from another site, main source you can find in last paragraph

Source : https://www.marketwatch.com/story/us-runs-october-budget-deficit-of-63-billion-treasury-says-2017-11-13

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different

U.S. runs October budget deficit of $63 billion, Treasury says
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U.S. runs $63 billion budget deficit in October
U.S. Ran $63 Billion Budget Deficit in October
US runs $63 billion budget deficit in October
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U.S. runs $63 billion budget deficit in October