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U.S. fiscal 2014 budget deficit falls to $486 billion

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Old 10-08-2014, 09:54 AM   #1
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The U.S. budget deficit fell by nearly a third during fiscal 2014 to $486 billion as federal revenues grew far faster than spending, the Congressional Budget Office said on Wednesday.

Releasing preliminary estimates of final budget data for the year ended Sept. 30, the CBO said that receipts grew nearly 9 percent from the previous year to $3.013 trillion, while outlays were up 1.4 percent to $3.499 trillion.

The resulting fiscal 2014 deficit was down about $195 billion from the $680 billion budget gap recorded in fiscal 2013.
Going the right direction . .

U.S. fiscal 2014 budget deficit falls to $486 billion, CBO says | Reuters
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Old 10-08-2014, 01:49 PM   #2
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Just for perspective, that's about $1,000,000,000,000 less than the last FY under Bush. But, but but ...
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