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Economy
See other Economy Articles Title: Budget Deficit in U.S. Narrows 13% to $90.5 Billion on Rising Tax Receipts
Source:
Bloomberg News
URL Source: http://www.bloomberg.com/news/2010- ... on-on-rising-tax-receipts.html
Published: Sep 13, 2010
Author: Bob Willis
Post Date: 2010-09-14 22:42:13 by lucysmom
Keywords: economy
Views: 7822
Comments: 8
The U.S. government posted a smaller budget deficit in August compared with the same month last year, helped by rising tax receipts. The excess of spending over revenue totaled $90.5 billion last month, smaller than the median forecast of economists surveyed by Bloomberg News and down 13 percent from $103.6 billion in August 2009, according to a Treasury Department report issued today in Washington. The gap for the fiscal year that started in October was $1.26 trillion compared with $1.37 trillion last year at the same time. The economic recovery has helped generate more tax revenue for the Treasury, even as the Congressional Budget Office forecasts the deficit this fiscal year will reach $1.34 trillion, the second-largest on record. The Obama administration faces the challenge of trying to limit the shortfall while stimulating an economy with joblessness close to 10 percent. Click for Full Text!
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Begin Trace Mode for Comment # 5.
#4. To: lucysmom (#0)
http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=13158
#5. To: Nebuchadnezzar (#4)
Here is the truth, not that you liberals can handle it: This truth? F*ck You Japan **UPDATED** Jesus.... Sorry, I can't take seriously a source that leads off with the above.
Replies to Comment # 5.
#6. To: lucysmom (#5)
This truth? Keep in mind that Nebby claimed that Obama was POTUS in 2008. That's HIS brand of truth.
#8. To: lucysmom (#5)
I knew you were delusional and not beneath propagating a lie. But you're a liar, thus very comfortable with spreading lies.
End Trace Mode for Comment # 5.
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