The government’s deficit wasn’t quite as deep as expected in June, at $74.9 billion vs Econoday’s consensus for $91.0 billion. Nine months into the government’s fiscal 2018, the deficit totals $607.1 billion and is up significantly from a $523.1 billion at this time last year. Tax receipts this fiscal year are up 8.9 percent for individuals, at $1.305 trillion so far, and down 27.6 percent for corporations, at $161.7 billion. Customs duties so far this fiscal year, which is something of course to keep an eye on given widening tariffs, are $28.3 billion for a $3.1 billion gain. On the spending side, defense spending is up 5.5 percent at $497.2 billion.