2016 tax receipts soon will reach record high

Eyeglasses with newspaper and coffee cup

The federal government will have raked in almost $3.3 trillion in revenue after fiscal 2016 tax receipts reach a new high, according to the Congressional Budget Office. The Washington Examiner has the details: The feds raked in more than $3.268 trillion for the year, the agency reported in its monthly budget review, $19 billion more…

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Federal deficit up 25 percent over last year

Our federal deficit is growing, this year spiking to nearly $590 billion – up 25 percent over last year – according to the latest Congressional Budget Office estimate. The Washington Examiner has the details: The federal deficit for fiscal 2016 jumped to $588 billion, $149 billion bigger than last year’s, the Congressional Budget Office estimated…

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