US Budget Deficit Rises 19% in July Amid Tariff Collections
The US government’s budget deficit widened by nearly 20% in July to $291 billion, driven by an increase in outlays exceeding the growth of receipts. The Treasury Department reported that outlays jumped 10%, or $56 billion, to a record high of $630 billion for the month, while receipts grew 2%, or $8 billion, to $338 … Read more