Revenues have dropped in three of the first four months of the fiscal year; spending has been up in three months as well.
While no budget expert would expect the deficit to continue on a pace where it is 77 percent higher than a year ago for the entire fiscal year, outside budget groups and the White House agree that it will likely end up higher than the $779 billion for 2018.
In figures released by the Treasury Department, individual income taxes fell again in January, totaling $197.1 billion, compared to $211.9 billion in January of 2018.
In the first four months of the fiscal year, individual income taxes are down by $33 billion.
Corporate income tax collections dropped by nearly half, going from $13.5 billion in January of last year to $6.8 billion in January of 2019.