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in Marketing - 10 Dec, 2015
by Lynn Perkins - no comments
U.S. budget deficit widens to $65 billion in November

An employee checks U.S. dollar bank-notes at a bank in Hanoi, Vietnam August 12, 2015.  REUTERS/Kham

Credit Image:An employee checks U.S. dollar bank-notes at a bank in Hanoi, Vietnam August 12, 2015. REUTERS/Kham

The U.S. federal government ran $65 billion into the red in November, up 14 percent from the same period last year, the Treasury Department said on Thursday.

Analysts polled by Reuters had expected a $68 billion deficit for last month. The government had a deficit of $57 billion in November of 2014.

The current fiscal year-to-date deficit stood at $201 billion. Receipts last month totaled $205 billion, while outlays stood at $270 billion.

Accounting for calendar differences in the timing of benefits payments and budget receipts would yield a deficit of $126 billion in November versus $98 billion in the same month of 2014.

Source : http://www.reuters.com/article/us-usa-budget-idUSKBN0TT2LD20151210#sZk0hCIC9vKSfYDZ.97


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