Politics & MoneyInvestments

U.S. budget deficit drops to $95B in July

Falls 3% from 2013

The U.S. budget deficit came in at $95 billion at the end of July, falling 3% from the same period last year, according to an article in Reuters.  

Analysts polled by Reuters had expected a $96 billion deficit for last month. The deficit was $98 billion in July of 2013.

The fiscal year-to-date deficit at the end of July was $460 billion, the lowest level since the same period in fiscal year 2008, compared with a deficit of $607 billion for the same period in fiscal year 2013, according to Treasury's monthly budget statement.

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