The federal budget deficit for October was “only” $91 billion.


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The day of reckoning looms: The federal budget deficit for October was “only” $91 billion.

The AP article makes a big deal about how much lower this deficit is compared to past Octobers, but at this level, we would still have an annual deficit over $1 trillion. Even it ends up as half that, the numbers are still terrible.

The budget deal that ended the government shutdown ends on January 15. Be prepared for another shutdown. I expect some Republicans are going to once again tie that shutdown to repealing Obamacare.

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