See https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0719.pdf
There are still two months left in the fiscal year. The last fiscal year to date deficit at this point was $684 Billion, so this is running $183 billion higher. In the last two months of the last fiscal year, the government spent $95 billion. So we anticipate that the total deficit for FY 2019 will be about $970 billion and won't hit $1 trillion. It will easily exceed $1 trillion next year, although the CBO claims that $1 trillion won't be reached until 2022. The CBO hasn't taken into account the extra spending from the last budget deal and they need to update their models.
Update: The Treasury is predicting that the deficit will be $1 trillion this fiscal year.
Total revenues (on-budget and off-budget) of: 3,472,324
Total outlays (on-budget and off-budget) of: 4,472,961
Total deficit for Fiscal Year 2019 (in millions): -1,000,637
Wow, and it isn't even a recession year yet.
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