US Budget Deficit Hits $214.1 Billion in August

Associated Press |


WASHINGTON (AP) — The federal government racked up a $214.1 billion deficit in August, double the red ink from a year ago, although a big part of that increase reflected quirks in the calendar.

The Treasury Department says the August deficit pushed the deficit for the first 11 months of the budget year to $898.1 billion, 33 percent higher than the same period a year ago.

With just one month to go in this budget year, the government is on track to run up the biggest annual deficit in six years.

The August imbalance looked worse because large benefit payments that would have been made in September got pushed into August because fell on a Saturday.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments


Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

World Economic Forum at Davos 2019 - Ben Yablon Executive VP Salt Lending

Matt Bird sits down with Ben Yablon - Executive VP of Salt Lending - at the World Economic Forum in Davos January 2019

Emerging Growth

Investview Inc

Investview Inc is an investor technology and education company. It provides products that allow the individual investor to find, analyze, track, and manage their portfolio.