US Budget Deficit Hits $607 Billion In 9 Months, As Spending On Interest Explodes

  Source: Zero Hedge | by Tyler Durden  The US is starting to admit that it has a spending problem. According to the latest Monthly Treasury Statement, in June, the US collected $316BN in receipts – consisting of $162BN in individual income tax, $94BN in social security and payroll tax, $3BN in corporate tax and $22BN in other taxes and duties- … Continue reading US Budget Deficit Hits $607 Billion In 9 Months, As Spending On Interest Explodes