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US budget deficit running 24.2 percent below 2013

By Martin Crutsinger
Published August 12, 2014 6:24pm ET
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US budget deficit running 24.2 percent below 2013
FILE - In this Oct. 16, 2013, file photo, a jogger on an early morning run passes the U.S Treasury Building in Washington. The Treasury Department releases budget data for July 2014 on Tuesday, Aug. 12, 2014. (AP Photo/J. David Ake, File) | J. David Ake

WASHINGTON (AP) — The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years.

The July deficit was $94.6 billion, an improvement of 3.1 percent from a year ago, the Treasury Department reported Tuesday in its monthly budget statement.

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Budgets and Deficits Spending