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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,…
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