U.S. Budget Deficit Narrowed to $74.86 Billion in June

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WASHINGTON—The U.S. authorities’s funds deficit narrowed in June in contrast with a 12 months earlier. Spending and income assortment each fell, together with a big drop for corporate-tax receipts within the wake of federal tax cuts.

The month-to-month deficit in June was $74.86 billion, the Treasury Division mentioned Thursday. That was 17% smaller than June 2017’s $90.23 billion deficit.


Supply hyperlink – https://www.wsj.com/articles/u-s-budget-deficit-narrowed-to-74-86-billion-in-june-1531418402?mod=pls_whats_news_us_business_f

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