US Budget Deficit Spikes 34%, Grows For The First Time Since 2009

Jon Alternative Media, Blogosphere, Economy, Market Commentary

One week after the US Treasury revealed that total US debt in fiscal 2016 rose by $1.422 trillion, the third highest annual increase in history, and hitting an all time high of $19.6 trillion…

.. moments ago it also revealed that in the fiscal year ended September 30, the US budget deficit grew by $587 billion, a 34% spike comapred to the post-crisis low of $439 billion in fiscal 2015, despite the Treasury enjoying a healthy surplus of $33 billion in the month of September.

This post was published at Zero Hedge on Oct 14, 2016.