US July budget deficit $302 billion vs $307 billion exp

Meanwhile, the market can’t buy bonds fast enough

  • July 202 was $63 BILLION
  • Year to date deficit at $2.54 trillion vs $2.807 trillion in 2020
  • Outlays $564B,m receipts $262B

These numbers are mind-bogglingly large. The big question is whether Democrats can pass anything close to a $3.5 trillion bill without major pushback from moderates.

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