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/biz/ - Business & Finance

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>> No.16031466 [View]
File: 259 KB, 1788x2380, Federal Budget, Fiscal Year 2019.png [View same] [iqdb] [saucenao] [google]
16031466

The new US monthly treasury statement was released today, closing the books on fiscal year 2019. The fiscal year ended with a $984 billion deficit, significantly higher than earlier forecast estimates of $700 billion. What does /biz/ make of this? Why didn't the tax cuts work in terms of generating enough new revenue to cover the deficit?

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