The Treasury Department

U.S. Budget Deficit Grows 27% Through July

The U.S. government’s budget deficit rose by $183 billion to $867 billion during the first 10 months of this budget year as spending grew more than twice as fast as tax collections. The Treasury Department say the deficit for the current fiscal year through July is up 27% from the same period a year earlier. Spending rose 8% to $3.73…

U.S. Budget Deficit Rose 18.4 Percent in March

The federal government recorded a budget deficit of $208.7 billion in March, an increase of more than $32 billion from a year ago as revenues slipped and expenditures climbed. The Treasury Department reports that the February deficit was 18.4 percent higher than a year ago, largely due to increased expenditures on benefits for the military, veterans and recipients of supplemental…