Home » Topics » us deficit

U.S. budget gap shrinks for fourth month running

WASHINGTON — The United States notched up a fourth straight month of declining deficits in July compared with a year ago, according to official data released Wednesday. The US government’s budget shortfall for the month was $129.4 billion, a decline of 22 percent from July 2010, the Treasury Department said.…

Little economic impact from U.S. debt deal: analysts

Spending cuts in the new deal to slash the US deficit and raise the borrowing ceiling will not have much immediate effect on the economy — or the deficit itself, analysts said Monday. Heralded as a political success that averts the United States being forced to default on its debt,…