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Federal Deficit Narrowed in June as Spending Fell, Receipts Rose

The federal authorities ran an $89 billion deficit throughout June, a 49% decline from a 12 months earlier, as spending fell and income elevated.

Federal outlays in June dropped by 12% to $550 billion, not adjusting for calendar variations, the Treasury Department reported Wednesday. That mirrored a discount in spending on pandemic applications, together with on the Small Business Administration and Treasury and Labor Departments.

Related Topics:Biden Business C&E Executive News Filter C&E Industry News Filter Content Types corporate Corporate/Industrial News Deficit Domestic Politics Earnings Economic News Factiva Filters Federal Fell Financial Performance general news government budget Government Budget/Taxation Government Finance industrial news International Relations June medium businesses Narrowed political Political/General News Politics Politics/International Relations Receipts Rosé Sales Figures small Small/Medium Businesses Spending SYND taxation WSJ-PRO-WSJ.com

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