US January federal budget deficit $22.0B vs $21.0B expected

  • US January federal budget balance
  • December was -129.0B
  • January 2023 was -39.0B

Monthly numbers can be deceiving because of the number of weeks that fall in any given month and other calendar quirks. The trend has been for improvement since covid but we're not back to pre-pandemic levels, at least not nominally.

US deficits
US deficits

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