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MNI BRIEF: US Budget Deficit $244B In July, $1.517 FYTD

The U.S. government posted a USD244 billion budget deficit in July and has rang up a deficit of USD1.517 trillion in the first ten months of the fiscal year, the Treasury Department reported Tuesday.

July's deficit was up 10% compared to the same month last year, while the fiscal year to date balance was down 6% compared to the same point last year, the data showed.

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The U.S. government posted a USD244 billion budget deficit in July and has rang up a deficit of USD1.517 trillion in the first ten months of the fiscal year, the Treasury Department reported Tuesday.

July's deficit was up 10% compared to the same month last year, while the fiscal year to date balance was down 6% compared to the same point last year, the data showed.

Keep reading...Show less