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Keyword: recorddeficits

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  • Federal Tax Revenues Set Record Through April

    05/13/2014 11:51:19 PM PDT · by Olog-hai · 9 replies
    Cybercast News Service ^ | May 13, 2014 - 12:01 PM | Terence P. Jeffrey
    Federal tax revenues continue to run at a record pace in fiscal 2014, as the federal government’s total receipts for the fiscal year closed April at $1,735,030,000,000, according to the Monthly Treasury Statement. Despite this record revenue, the federal government still ran a deficit of $306.411 billion in the first seven months of the fiscal year, which began on Oct. 1, 2013 and will end on Sept. 30, 2014. …