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Economy
In reply to the discussion: Weekend Economists Celebrate September 13-15, 2013 [View all]xchrom
(108,903 posts)38. Budget deficit shrinks in August from year earlier
http://www.reuters.com/article/2013/09/12/us-budget-deficit-idUSBRE98B0YB20130912
(Reuters) - America's budget deficit shrank in August compared to a year earlier, with government accounts helped by tax hikes and an improving economy.
The federal government sank $147 billion further into the red last month, the Treasury said on Thursday.
Washington this year has taken in only about seven cents in revenue for every dollar it spends, extending a decades-long trend of deficit spending.
The deficit widened sharply during the 2007-09 recession, which hit tax revenues and increased payments for unemployment benefits.
(Reuters) - America's budget deficit shrank in August compared to a year earlier, with government accounts helped by tax hikes and an improving economy.
The federal government sank $147 billion further into the red last month, the Treasury said on Thursday.
Washington this year has taken in only about seven cents in revenue for every dollar it spends, extending a decades-long trend of deficit spending.
The deficit widened sharply during the 2007-09 recession, which hit tax revenues and increased payments for unemployment benefits.
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IMF WARNS: China Is Taking Ever Greater Risks And Putting The Financial System In Danger
xchrom
Sep 2013
#11
1. The Economist does not like 'leftists' (editorial line supports 'free markets'
Ghost Dog
Sep 2013
#41
+ The Economist dates back to the beginning of big banking. Here's Bagehot (1873):
Ghost Dog
Sep 2013
#44
James Gabraith, Neil Barofsky, and John Coffee Discuss Lessons from Lehman Meltdown
antigop
Sep 2013
#45
IN CONCLUSION: 5 years after Lehman, Americans still angry at Wall Street--POLL
Demeter
Sep 2013
#51