U.S. government posts $107 billion deficit in August
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
- General Electric (GE) Tops Q3 EPS by 2c; Updates FY16 EPS Outlook
- Microsoft (MSFT) Tops Q1 EPS by 8c
- Oil rises on Russia's output freeze commitment
- AMD (AMD) Posts Q3 Operating EPS of 3c; Sees Q4 Revenue Down Sequentially
A security guard walks in front of an image of the Federal Reserve following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, DC, U.S. on March 16, 2016. REUTERS/Kevin Lamarque/File Photo
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
WASHINGTON (Reuters) - The U.S. government posted a $107 billion budget deficit in August, a 66 percent increase from the same month last year, the Treasury Department said on Tuesday.
This compared to a deficit of $64 billion in August 2015, according to Treasury's monthly budget statement.
Analysts polled by Reuters had expected a $108 billion deficit for last month.
When accounting for calendar adjustments, August would have shown a $118 billion deficit compared with an adjusted $107 billion deficit in the same month in 2015.
The fiscal year-to-date deficit was $621 billion through August, up 17 percent from a $530 billion deficit at the same time last year. There were no calendar adjustments.
Receipts last month totaled $231 billion, a 10 percent increase from August 2015, while outlays stood at $338 billion, a 23 percent rise from the same month a year ago.
(Reporting by Lindsay Dunsmuir; Editing by Andrea Ricci)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S. economy shows hints of broadening wage pressures: Fed
- GE profit up but revenue forecast trimmed amid sluggish economy
- UPDATE: Natural Gas Inventory +77 bcf vs +74 bcf Expected
Create E-mail Alert Related CategoriesEconomic Data, General News, Reuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!