12-September-2026
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Economy News
 
US budget deficit shrinks in August, year-to-date flat at $1.97 trillion
12-Sep-2026

The U.S. federal budget deficit for August shrank to $167 billion due to smaller outlays including for ongoing refunds on illegally collected tariffs, a rare drop in interest payments and some calendar shifts in benefit payments, while the fiscal-year-to-date budget gap was essentially flat, totaling $1.97 trillion, the U.S. Treasury said on Friday.

News Source:- https://economictimes.indiatimes.com/news/international/world-news/us-budget-deficit-shrinks-in-august-year-to-date-flat-at-1-97-trillion/articleshow/134083635.cms
 
 
 
 
 

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