U.S. budget deficit widens to $691,000,000,000 in first half of 2019
The budget gap increased 15 percent compared with the same October-March period a year earlier, according to the Treasury Department’s budget report released Wednesday.
Receipts for the six-month period rose 0.7 percent while spending jumped 4.9 percent. For the month of March alone, the deficit narrowed to $147 billion, which was narrower than economist forecast in a Bloomberg survey and the $234 billion level the prior month.To contact the editors responsible for this story: Scott Lanman at [email protected], Jeff Kearns, Sarah McGregor
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