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