Skip to content
Will the government curb its deficit spending?
*AP, by Martin Crutsinger, AP Economics Writer, November 13, 2006
“The federal government started out its new budget year with a slightly higher deficit than last year as revenues and spending for October both set records.
The Treasury Department reported that the deficit for October totaled $49.3 billion, up 4.3 percent from the $47.3 billion imbalance recorded a year ago.
The budget deficit for the 2006 budget year, which ended on Sept. 30, dropped to a four-year low of $248.2 billion. However, the deficit for the current 2007 budget year is expected to resume rising.”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.