The Traderszone Network

Published in TZ Latest News 15 October, 2015 by The TZ Newswire Staff

U.S. fiscal year budget deficit narrows to $439 billion

The U.S. budget deficit narrowed to $439 billion in fiscal 2015, the lowest level since 2008, as the economy continued to recover from the financial crisis and revenue growth outpaced a rise in spending, the Treasury Department said on Thursday. The 2015 deficit fell to 2.5 percent of gross domestic product, the lowest since 2007 and less than the average of the last 40 years.