U.S. ran deficit of $176 billion in October

A

ASusilovic

WASHINGTON (MarketWatch) -- The United States federal government ran a deficit of $176 billion in October, the first month of the 2010 fiscal year, the Treasury Department reported Thursday. Receipts were $135 billion, the Treasury said, while outlays were $311 billion. The deficit was a little higher than a congressional estimate of $175 billion and marked the 13th consecutive monthly budget shortfall. A year ago in October the deficit was $156 billion.

http://www.marketwatch.com/story/us-ran-deficit-of-176-billion-in-october-2009-11-12-140160

How long has the average US citizen to work in order to cover a 176 billion USD deficit ? :confused:
 
Quote from ASusilovic:

WASHINGTON (MarketWatch) -- The United States federal government ran a deficit of $176 billion in October, the first month of the 2010 fiscal year, the Treasury Department reported Thursday. Receipts were $135 billion, the Treasury said, while outlays were $311 billion. The deficit was a little higher than a congressional estimate of $175 billion and marked the 13th consecutive monthly budget shortfall. A year ago in October the deficit was $156 billion.

http://www.marketwatch.com/story/us-ran-deficit-of-176-billion-in-october-2009-11-12-140160

How long has the average US citizen to work in order to cover a 176 billion USD deficit ? :confused:
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Under prior "normal"(?) times, US government spent about $9-$10 Billion per day... with today's deficit.... what, $14 Billion per day?
 
Interesting to note that although ZN and ZB plunged after 1pm ET, they made up all of those losses in less than 60 minutes.
 
Quote from m22au:

Interesting to note that although ZN and ZB plunged after 1pm ET, they made up all of those losses in less than 60 minutes.
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Sort of dip buying mentality...:p
 
Quote from Ivanovich:

http://www.zerohedge.com/article/16-billion-30-year-auction-closes-4469

More rotation out of long end paper into near maturities. Soon 100% of US Debt will be maturing every few months.

* Yields 4.469% vs. Exp. 4.424%
* Bid-To-Cover 2.26 vs. Avg. 2.23 (Prev. 2.54)
* Indirects 44% vs. Avg. 38.3% (Prev. 48.1%)
* Indirect Bid-To-Cover: 1.24
* Directs a staggering 12% of Accepted
* Allotted high 18.01%
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makes perfect sense, no way in hell i'd own a 30 year - better off burning your money in a fireplace

i think most people have no concept how close that puts us to KA-BOOM

national debt interest rate can be re-priced overnight

12 trill at less than 8.5 percent is a trillion a year interest - IF you ballance the budget immediately, which Obama might not do
 
I have to confess that although I understand the macro issues (budget deficits; government debt) I'm not an expert on bond auctions.

How does today's 30 year auction "statistics" (for the want of a much better term) compare to previous auctions?

For example:

how high was the yield compared to expectations?

Zerohedge said "Directs a staggering 12% of Accepted".

What is the usual percentage of direct bids?
 
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