U.S. Posts Its Largest Budget Deficit Since 2013

The U.S. posted its largest budget deficit since 2013 in the fiscal year that just ended, as a pickup in spending exceeded revenue gains. The federal government’s gap grew to $665.7 billion in the 12 months through Sept. 30, compared with a $585.6 billion shortfall in fiscal 2016, the Treasury Department said Friday in a report released in Washington. That was in line with the Congressional Budget Office’s estimate of $668 billion.
Read more: https://www.bloomberg.com/news/articles/2017-10-20/u-s-registers-largest-fiscal-year-budget-shortfall-since-2013?source=Snapzu