No disrespect intended but I wouldn’t believe a word from Maddow or politifact~~Not attacking your source just don’t buy into them~~
Would you consider this, moldy?? I have it bookmarked and refer to it often...find it more reliable given its source for data extraction...
Tracking the Federal Deficit: January 2020
The Congressional Budget Office reported that the federal government generated a $32 billion deficit in January, the fourth month of fiscal year 2020. January’s deficit is a $40 billion change from the $9 billion surplus recorded a year earlier in January 2019. (If not for timing shifts of certain payments, the federal government would actually have realized a $1 billion surplus in January 2020 and a $12 billion deficit in January 2019.) January’s deficit brings the total deficit so far this fiscal year to $388 billion, which is 25% ($78 billion) higher than the same period last year (or $23 billion higher once timing shifts are accounted for). Total revenues so far in FY2020 increased by 6% ($67 billion), while spending increased by 10% ($145 billion), compared to the same period last year. (After accounting for timing shifts, spending rose by 6% or $90 billion.
Analysis of Notable Trends in This Fiscal Year to Date: Through the first four months of FY2020, revenue from corporate income taxes rose by 27% ($16 billion). Additionally, Federal Reserve remittances increased by 14% ($3 billion) partly due to lower short-term interest rates that reduced its interest expenses. On the spending side, after accounting for timing shifts, total Social Security, Medicare, and Medicaid outlays rose by 6% ($41 billion). Outlays for the Department of Defense rose by 7% ($14 billion), largely for procurement and research and development....~~snip~~
Methodological Note:
The monthly tracker entries report preliminary spending, revenue, and deficit data from CBO’s Monthly Budget Reviews. These summaries are released around the fifth business day of every month and preview the release of official budget data from the Treasury Department, which follows on roughly the eighth business day of every month (except end-of-year data, which tends to be released later in October). Historically, CBO’s preliminary data is accurate, often differing from Treasury’s final figures by only a few billion dollars, if at all. For example, CBO preliminarily reported that the total FY2019 deficit was $984 billion in their September 2019 review, matching the official figure that Treasury later reported.
The deficit tracker graphic is updated retroactively with official Treasury data, whereas the monthly text entries are not.
https://bipartisanpolicy.org/report/deficit-tracker/No disrespect intended but I wouldn’t believe a wo... (