CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS (mparent7777_1) wrote,
CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS
mparent7777_1

Federal budget deficit nearly tripled in July to $102.8 billion

Budget deficit soars to $102.8 billion in July

Posted 19h 26m ago | Comments259 | Recommend30 E-mail | Save | Print | Subscribe to stories like this

WASHINGTON (AP) — The federal budget deficit soared in July, pushed higher by economic stimulus payments and $15 billion in outlays to protect depositors at failed banks.

The Treasury Department reported that the deficit for July totaled $102.8 billion, nearly triple the $36.4 billion deficit recorded in July 2007.

The deficit outstripped the $97 billion gap that Wall Street economists had been expecting for July.

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Tags: deficit, economy
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