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U.S. July budget deficit hits $430 billion, Spencer Hakimian notes

U.S. July budget deficit hits $430 billion, Spencer Hakimian notes
U.S. July budget deficit rises sharply

Spencer Hakimian, CEO at Tolou Capital Management, points to a U.S. budget deficit of $430 billion for July.

Hakimian criticizes U.S. President Donald Trump for ongoing government spending on what he sees as unnecessary items.

Hakimian recently noted that U.S. national debt reached $40 trillion, with $16 trillion accumulated during President Trump's six-year term, according to previous statements. He has also called attention to the Dow reaching 50000, labeling the period as a "Golden Era" for affordable living costs in a separate report. Hakimian's commentary has focused on both federal debt growth and major market milestones.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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