- U.S. federal budget declines to $82.4 billion in May
Market news
11 June 2015
U.S. federal budget declines to $82.4 billion in May
The U.S. Treasury Department released its federal budget data on Wednesday. The budget deficit declined to $82.4 billion in May, down from a deficit of $130 billion in May 2014. Analysts had expect a decline to $98 billion.
The budget deficit declined as revenue was higher than expenses.
Receipts in May rose 6% from the same period last year, while outlays declined 11% from the same period last year.
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