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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 »

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