Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Saturday, January 31, 2015 Bookmark our site!
Local PennsylvaniaNationalInternationalNews Extras  
Published: November 13, 2013 print this article Print save this article Save email this article Email ENLARGE TEXT increase font decrease font

US budget deficit falls 24 percent in October



WASHINGTON — The partial government shutdown and steep federal spending cuts helped lower the U.S. federal deficit last month, signaling more improvement in the government’s finances.
The Treasury Department says the government ran a deficit of $91.6 billion in October, down 24 percent from the same month a year ago. The decline comes after the government ran an annual deficit of $680 billion for the 2013 budget year that ended on Sept. 30, the lowest in five years.
Spending fell 5 percent in October to $290.5 billion, partly because of the shutdown and because of across-the-board spending cuts put in place earlier this year.
Tax revenue rose 8 percent in October compared with a year earlier to $199 billion. Higher taxes and modest economic growth have helped boost revenue this year.





Back
Comments
Order Photos!
 
MORE NEWS HEADLINES
arrow Businessman seeks commissioner post
arrow Police respond to report of shot
arrow Iron Mountain grows operation
arrow Man attends 49th big game
 
MOST READ ARTICLES
arrow Police seek suspect in armed robbery, attempted carjacking
arrow Butler police nab 4 men with large amount of suspected drugs
arrow District attorney pulls back offer of lie detector test
arrow Plane slides off runway at Zelie