In July, the Federal Deficit is $165 billion In monthly report by the US Treasury the deficit grew for 22 straight month. The bit of good news the amount is lower than what was forecast in a Dow Jones Newswire Survey of economists.
The economists has expected the deficit would be slightly higher at $169.5 billion. The highest monthly deficit was one year ago, July 2010 at $190 billion.
Part of the deficit was used for unemployment:$9.8 billion, and some went to pay down interest on the debt: $20 billion.
Wall Street Journal has more.