After years of $2T fiscal stimulus (that’s what a deficit is, after all) we have upward stock market.
And the BBB didn’t do anything to cut that so it can continue. Even tariff positive impact on the deficit isn’t going to get it down even to $1.5T.
If you create $2T per year to hand out systemically, it’s hard to have a down market . . . until that ends, somehow.
“And the BBB didn’t do anything to cut that so it can continue. “
You didn’t read the bill.
Prior month $27 billion
US budget deficit $-291 versus $215 billion expected.
Outlays totaled $630 billion versus $574 billion in July.
Receipts totaled $338 billion versus $330 billion in July
Fiscal 2025 year to date deficit $1.629 trillion versus comparable fiscal 2024 deficit of $1.517 trillion
July outlays were a record high for the month of July Year to date receipts and outlays record high for that.