US Deficit Climbs to $165 Billlion for July 201

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.


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