14-Sep-2010 1:12 PM

US Government posts smaller budget deficit in Aug-2010

US Treasury Department stated the US Government posted a smaller budget deficit in Aug-2010, with the excess of spending over revenue totaling USD90.5 billion in the month (Bloomberg, 13-Aug-2010). The gap for the fiscal year that commenced in October stood at USD1.26 trillion compared with USD1.37 trillion in the previous corresponding period.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More