Tuesday, October 16, 2018

From Record Monthly Surplus to the Largest Annual Deficit in 6 Years

On May 25, 2018, Judy Woodruff interviewed Marc Short, White House Director Of Legislative Affairs, on the PBS Newshour. The video and transcript can be found at this link. At 2:43 in the video, Marc Short states the following:

And, lastly, in April, we had the largest surplus on record in American history. That is a result of the growth and the revenues coming into the federal government because of the tax plan.

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U.S. Treasury Surplus/Deficit(-), 12-month rolling sum

About Me

I became interested in U.S. budget and economic matters back in 1992, the first time that I remember the debt becoming a major issue in a presidential election. Along with this blog, I have a website on the subject at http://www.econdataus.com/budget.html. I have blogged further about my motivations for creating this blog and website at this link. Recently, I've been working on replicating studies such as the analysis at this link.

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