October’s Treasury Statement: Spent $2,331 Per Worker; Taxed $1,415 Per Worker; Deficit $916 Per Worker

The federal government spent $347,578,000,000 in October (the first month of fiscal 2016), according to the Monthly Treasury Statement released Thursday afternoon.

At the same time, the government brought in $211,046,000,000 in revenue for the month and ran a deficit of $136,532,000,000.  Read more