U.S. government reports $345B deficit for August, larger than expected
CNBC · Just In
CNBC
Just In
The U.S. Treasury Department announced a $345 billion budget deficit for August, which was higher than the $300 billion anticipated by economists. On an adjusted basis, the deficit stood at $257 billion.
Breakdown
- U.S. Treasury reported a $345 billion deficit for August, higher than expected. 12s
- Adjusted for calendar differences, the August deficit was $257 billion. 24s
- Fiscal year-to-date deficit stands at $1.9 trillion, similar to last year. 35s
- Government spending on interest for public debt reached $1.1 trillion, an all-time high. 51s
- Customs duties collected in August set a record at $30 billion. 1m 1s