Another year of excessive spending while at full employment. In a healthy economy would be in surplus. With poor household savings and large fiscal deficit then small wonder the current account deficit is very large. USA must address its own deficits instead of blaming foreigners look into the mirror. These imbalances also pushing up the USD further through inflationary pressure. Very ugly picture for 2019.
Monthly Treasury Statement
The Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS) is prepared by the Bureau of the Fiscal Service, Department of the Treasury and, after approval by the Fiscal Assistant Secretary of the Treasury, is normally released on the 8th workday of the month following the reporting month. The publication is based on data provided by Federal entities, disbursing officers, and Federal Reserve banks. AUDIENCE The MTS is published to meet the needs of those responsible for or interested in the cash position of the Treasury, those who are responsible or interested in the Government's budget ... (full story)
- Posted: Aug 10, 2018 2:01pm
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