A growing economy typically means shrinking deficits, but a new report from the U.S. Treasury Department shows the government spent $740 billion more than it took in from October to May — almost the entire federal deficit of the previous budget year.
Last month’s deficit looks even worse than it would due to a timing quirk: June 1 fell on a Saturday, so more benefits were paid in May. But experts say tax cuts in 2017 and increased spending have contributed to an unprecedented fiscal gap over the past eight months.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.