Jobs and Economy push US Budget deficit to lowest levels since 2008
Jobs and Economy push US Budget deficit to lowest levels since 2008. The US posted a $130 billion budget deficit in May and the smallest shortfall for the first eight months of a fiscal year since 2008, as a stronger economy and rising employment bolster revenue. The deficit last month was about $9 billion less than the $139 billion shortfall in May 2013. U.S. budget dynamics have been on a much better trajectory as of late, with both cuts to spending and higher revenues helping to push fiscal year 2014 deficit projections substantially lower, said Gennadiy Goldberg, U.S. strategist at TD Securities USA LLC in New York. The revenue component is indicative of a gradually recovering economy. Read the full article: (VIEW LINK)
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