US July Budget Deficit Reaches $432.31B, Topping Forecasts
The US Treasury reported a $432.31 billion budget deficit for July, above the estimated $346.0 billion and near the top of economist forecasts.
The US Treasury reported a federal budget deficit of $432.31 billion for July, according to the Treasury data.
The figure came in above the estimated $346.0 billion deficit. Estimates from 12 economists ranged from $275.0 billion to $440.0 billion.
The July result was therefore above the consensus estimate but within the full range of individual forecasts.
Source: First Squawk