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US budget deficit falls to $95 billion in July
http://www.rawstory.com/rs/2014/08/12/us-budget-deficit-falls-to-95-billion-in-july/
US budget deficit falls to $95 billion in July
By Reuters
Tuesday, August 12, 2014 14:15 EDT
By Elvina Nawaguna
WASHINGTON (Reuters) – The U.S. budget deficit was $95 billion at the end of July, down 3 percent from the same period last year, according to data released by the Treasury Department on Tuesday.
Analysts polled by Reuters had expected a $96 billion deficit for last month. The deficit was $98 billion in July of 2013.
The fiscal year-to-date deficit at the end of July was $460 billion, the lowest level since the same period in fiscal year 2008, compared with a deficit of $607 billion for the same period in fiscal year 2013, according to Treasury’s monthly budget statement.
Last month’s budget results were affected by differences in the calendar. If adjusted for timing-related transactions, the budget deficit in July would have been $86 billion.