Treasury Department

US Budget Deficit Totals $76.9 Billion in July

The federal government recorded a $76.9 billion deficit in July, with increased government spending and tax cuts keeping the country on track to record its biggest annual deficit in six years. The Treasury Department reports that in the first 10 months of this budget year, the deficit totaled $684 billion, up 20.8 percent from the same period last year. Revenues…

U.S. Sees Small Surplus in June, But Deficit Up for Year

The federal government recorded a small budget surplus in June, but the deficit so far this budget year is still running 26.7 percent higher than a year ago. The Treasury Department says the government ran a $6.3 billion surplus in June, a month that is often a surplus month because of quarterly tax payments from individuals and businesses. The surplus…