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Economy

Deficit rises to $514 billion through July

By Joseph Lawler
Published
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Deficit rises to $514 billion through July

The federal deficit rose to $514 billion through the first 10 months of the fiscal year, the Treasury Department reported Wednesday.

That’s up from $466 billion in the same period of fiscal 2015. The deficit, which is the annual shortfall for the federal government, is expected to reach nearly $600 billion for all of fiscal 2016, according to the latest projections from the White House.

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Tag:

Budgets and Deficits Entitlements Fiscal Policy Joseph Lawler Minusextra National Debt Spending Treasury Department