TITLE

Federal Government Posts $33.2B Deficit in July

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
August 2006
SOURCE
Bond Buyer;8/11/2006, Vol. 358 Issue 32443, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the deficit of the U.S. federal government in 2006. Based on the figures released by the Department of Treasury, the federal government posted $33.2 billion deficit in July 2006, which followed a $20.5 billion surplus in June driven by an increase in income tax collections, compared to a deficit of $53.4 billion in July 2005. So far, receipts have totaled $1.970 trillion for fiscal 2006, compared to $1.746 trillion in the first ten months of fiscal 2005.
ACCESSION #
22056337

 

Related Articles

  • FEDERAL FINANCE.  // Economic Indicators;Sep2004, Vol. 109 Issue 9, p32 

    Presents statistical data on federal finance in the U.S. for the first 11 months of fiscal 2004. Federal budget deficit; Increase in receipts and outlays by function as compared to 2003 figures; Rise in federal current receipts and current expenditures.

  • Men First, Money Second. Chase, Stuart // New Republic;7/22/40, Vol. 103 Issue 4, p108 

    The article reports on the financial condition of the U.S. in 1940. It is said that the debt burden of the country is no greater in this year than it was in 1920 because the interest rate on government borrowings has been cut in half. The country's per-capita debt is far lower than that of Great...

  • Reverse that reverse mortgage. Rosenzweig, Stan // Fairfield County Business Journal;1/9/2006, Vol. 45 Issue 2, p9 

    The article presents comments of the author on the budget deficit in the U.S. It was discovered that federal deficit rose to 83.1 billion dollars. This deficit is due to the increased spending of the government that reached 221.9 billion dollars. The tax being collected reached 138.8 billion...

  • THE ELEPHANT IN THE ROOM: THE DEFICIT. Baumann, David // National Journal;10/4/2003, Vol. 35 Issue 40, p3039 

    Deals with concerns about the state of the U.S. federal budget deficit as of October 2003. Projection on the federal budget deficit by 2004; Results of public opinion polls on the deficit; Implications of the deficits for Republican politicians; Futility of recommended budget deficit remedies.

  • A welcome decline in the deficit. Thredgold, Jeff // Enterprise/Salt Lake City;7/25/2005, Vol. 35 Issue 4, p9 

    Presents an article about the U.S. budget deficit. Decline in the projected budget deficit in 2005; Consequences of the declining budget deficit; Challenges to deficit reducing initiatives; Recommendations for reducing the national budget deficit.

  • OBAMANOMICS, RIP. LAFFER, ARTHUR B.; MOORE, STEPHEN // American Spectator;Oct2013, Vol. 46 Issue 8, p14 

    The author shares his comments on the fiscal turmoil facing the U.S. under the leadership of President Barack Obama as of 2013. He notes that as the budget sequester was starting to take effect in the second quarter, federal spending as a share of gross domestic product (GDP) declined to 23.5%...

  • VALUE-ADDED TAXES AND THE SIZE OF GOVERNMENT: SOME EVIDENCE. Stockfisch, J. A. // National Tax Journal;Dec85, Vol. 38 Issue 4, p547 

    This article questions whether a value-added tax (VAT) should be introduced in relation to large government deficits. However, some critics believe that increased tax revenues encourage increased government spending and a VAT raises additional revenue. On the contrary, there is an insight that a...

  • Understanding the Reagan Deficits. Campen, James T. // Educational Leadership;Oct86, Vol. 44 Issue 2, p76 

    Focuses on the U.S. budget deficits during the administration of U.S. President Ronald Reagan. Increase in budget deficits during the term of Reagan; Limitations of the efforts of the Reagan administration to control the budget deficit and balance the national budget; Links between the budget...

  • Lots of Gain And No Pain! Samuelson, Robert // Newsweek;2/21/2005, Vol. 145 Issue 8, p41 

    Offers an analysis of United States President George W. Bush's Social Security reform proposals. Criticism of the personal savings accounts proposed by Bush; Differences between bonds and Social Security; Reference to a 1960 Supreme Court case, involving Ephram Nestor, in which it was...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics