Things will get worst with the 2017 tax breaks/givaway and possible trade issues….
The Treasury Department announced on Monday that it had recorded its largest monthly budget deficit in six years in February.
The deficit came in at $215 billion for the month, which came as revenue declined.
The department said fiscal income decreased to $156 billion, which marked a 9 percent drop from last year, while spending came in at $371 billion after it rose 2 percent.
The announcement comes roughly three months after President Trump signed the Republican-backed tax reform plan into law.
Critics of the plan have expressed concerns that the government’s debt would increase under the plan.
The plan is expected to slash federal revenue by over $1 trillion in the next ten years. Congress came to a $300 billion spending deal last month, which could also contribute to deficit growth. …