U.S. government posts $108 billion deficit in August - Reuters

"The U.S. government recorded a $108 billion deficit in August, the Treasury Department said on Wednesday," as reported by Reuters.

Key takeaways:

  • Economists polled by Reuters had forecast the Treasury reporting a $119.5 billion deficit last month.
  • When accounting for calendar adjustments, the deficit last month was $97 billion compared with an adjusted deficit of $107 billion the prior year.
  • The deficit for the fiscal year to date was $674 billion, compared to $619 billion in the same period of fiscal 2016.
  • On an adjusted basis, the fiscal-year-to-date deficit was $705 billion last month versus $619 billion in the year-earlier period.

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