U.S. budget deficit grows to $866.8B in July, tops last year’s full figure

THE UNITED STATES fiscal budget deficit grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from the same period a year earlier, the Treasury Department said in its monthly budget report on Monday. / BLOOMBERG FILE PHOTO/ANDREW HARRER
THE UNITED STATES fiscal budget deficit grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from the same period a year earlier, the Treasury Department said in its monthly budget report on Monday. / BLOOMBERG FILE PHOTO/ANDREW HARRER
WASHINGTON – The United States fiscal deficit has already exceeded the full-year figure for last year, as spending growth outpaces revenue. The gap grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from the same period a year earlier, the Treasury Department said in its monthly budget report on…

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