The August deficit falls by 22% for 11 months. Versus a year ago the deficit came in below the -147.9 gap reported in August 2013. Stronger economic growth is a sure fire way to shrink a deficit – as long as your domestic businesses remain “domestic”.
Receipts ros 4.8% YoY to 194.2B
Outlays fell 3.1% YoY to 323.0B
The YTD deficit stands at 589.2B vs 755.3B a year ago.
The Treasury received 7.4B from the Federal Reserve Banks on their holdings. For the year they have contributed 92B. That is a pretty healthy chunk of dough. See what a 4 trillion balance sheet and bull bond market can do. It is great to be in control of your portfolio.
