US budget deficit widens to $747 bn in 9 months
The top three outlays for the nine months, from October to June, were $780 billion on social security, $512 billion on national defence, and $485 billion on medicare, according to data from the Monthly Treasury Statement released on Thursday.
Jul 12, 2019, 10:50 AM IST
World shares rebound after worst week in two years
Concerns about rising consumer prices and a bigger US budget deficit sparked a selloff in fixed income markets.
Feb 13, 2018, 06:19 AM IST
Donald Trump aims to balance budget in decade targets 3% growth
US President Donald Trump is aiming to balance the federal budget in a decade with substantial cuts to safety-net programmes, combined with a tax overhaul to speed up the economy and achieve an ambitious growth rate of three per cent, the White House has said.
May 23, 2017, 10:43 AM IST
US budget deficit totals $107.1 billion in August
The federal government recorded a deficit of USD 107.1 billion in August, slightly lower than the July deficit.
Sep 14, 2016, 01:37 AM IST
Significant drop in US budget deficit
The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of USD 483 billion, the lowest of Barack Obama's presidency, it said.
Jan 14, 2015, 10:28 AM IST
US budget deficit to drop to 583 billion this year
The US government budget deficit in 2014 will come down to USD 583 billion, a drop of USD 100 billion over the previous year.
Jul 12, 2014, 12:21 PM IST
