Saturday, July 12, 2014





US budget deficit shrinks 35 pct. through August


September 12. 2013 2:39PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The U.S. government posted a narrower budget deficit in August compared with a year ago, keeping the annual gap on track to be the smallest in five years.


The Treasury Department says the deficit in August was $147.9 billion, down from $191 billion in August 2012. That brings the budget gap to $755 billion for the first 11 months of the budget year, down 35 percent from nearly $1.2 trillion a year earlier.


The government is likely to post a surplus in September, lowering the full-year deficit to $642 billion, the Congressional Budget Office forecasts. That would be the first deficit below $1 trillion in five years.


Steady economic growth and higher tax rates boosted the government's revenue 4 percent in August, while spending was 10 percent lower.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds