Saturday, 21 October 2017

U.S. Posts Its Largest Budget Deficit Since 2013

U.S. Posts Its Largest Budget Deficit Since 2013

The U.S. posted its largest budget deficit since 2013 in the fiscal year that just ended, as a pickup in spending exceeded revenue gains. The federal government’s gap grew to $665.7 billion in the 12 months through Sept. 30, compared with a $585.6 billion shortfall in fiscal 2016, the Treasury Department said Friday in a report released in Washington. That was in line with the Congressional Budget Office’s estimate of $668 billion.
Read more: https://www.bloomberg.com/news/articles/2017-10-20/u-s-registers-largest-fiscal-year-budget-shortfall-since-2013?source=Snapzu

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