September Budget Defcit Comes At ($34.5) Billion, Misses Expectation Of ($32) Billion
The September budget deficit came at ($34.5) Billion, missing expectation of $32 billion, lower from September 2009 which was revised ($46.6) billion (which was revised worse as usual). Total September receipts were $245 billion, on $280 billion of outlays. Both numbers were an increase compared to 2009. Also, last month the US paid $18.2 billion in interest on its debt, of which an increasingly greater portion is now going to none other than the Federal Reserve which will soon be the biggest holder of USTs in the world.
And revenues and outlays summary: