Tag: US austerity measures

• Thursday, October 31st 2013 - 03:46 UTC

  US with the lowest federal budget deficit since 2008: surplus in September

  

  Tax increases, spending cuts and a stronger economy nearly sliced the United States budget deficit in half in fiscal 2013, reducing it to the lowest level since 2008, Treasury Department data showed. The federal government took in 75.1 billion more than it spent last month, leaving the deficit for the fiscal year, which runs from October to September, at 680 billion, down from 1.09 trillion in 2012.