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Content Tagged As treasury_department

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  • Budget deficit lowest in 8 years

    October 15, 2015 9:05 PM

    WASHINGTON- Tax revenue is out pacing U.S. Government spending and the budget deficit for 2015 dropped to its lowest level in 8 years. The Treasury Department says the deficit fell to $439 billion in the just-completed budget year. That is equal to 2.5 percent of the economy and is... more »
  • Treasury proposes less borrowing

    August 3, 2015 9:00 PM

    WASHINGTON- The treasury Department proposes borrowing the lowest total in eight years at $552-billion. It would represent of drop of almost 18 percent from last year's $670-billion. It'll be the smallest amount the government has borrowed since 2007's $150-billion. A string of record deficits started a borrowing surge... more »
  • US budget deficit drops to $82.4 billion in May

    June 10, 2015 2:04 PM

    WASHINGTON - The U.S. budget deficit for May dropped sharply from the level a year ago but much of the improvement reflected a calendar quirk. The Treasury Department says the deficit dropped to $82.4 billion in May, down from a deficit of $130 billion in May 2014. But last year's... more »
  • Deficit shrinks with record monthly surplus

    May 12, 2015 8:48 PM

    WASHINGTON- A flood of tax payments in April left the country with the largest monthly budget surplus in seven years according to the Treasury Department. Government receipts were $471.8 billion, the largest monthly total on record and the largest surplus since April of 2008. Tax receipts have climbed due... more »
  • Government red tape may be blocking access to refund cards Play Video

    February 13, 2014 7:39 PM

    BATON ROUGE - Taxpayers are missing out on extra cash and now they have to go back to the state to recoup it. Millions of dollars in 2012 state income tax refunds never made it to taxpayers because the money was dispensed on special refund, gift card-like cards. ... more »
  • Taxpayers about to be non-owners of GM

    September 10, 2013 7:36 PM

    DETROIT- Taxpayers are about to be non-shareholders in General Motors as the government is poised to sell all of its GM stock. The Treasury Department told Congress it sold $811 million worth of GM common stock last month and the government has recovered about $35.4 billion of the $49.5 billion... more »
  • Growth in budget deficit slows

    February 12, 2013 7:13 PM

    The federal government reports a rare surplus for January and the Treasury Department says its on track for the smallest budget deficit since President Obama took office. The surplus was almost $3 billion dollars. It lowered the deficit through the first four months of the budget year to $290 billion,... more »

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