U.S. budget deficit narrowed to $22 billion in January
==========

The U.S. federal budget deficit narrowed to $22 billion in January, down from $39 billion in the same month last year. For the first four months of the fiscal year, the deficit widened to $532 billion, up from $460 billion in the same period last year. Government receipts rose at a faster pace than spending compared with year ago levels. Receipts were up $30 billion to $477 billion from a year ago while outlays rose $13 billion to $499 billion. Interest on the federal debt was $96 billion higher over the first four months of the fiscal year than from the same period a year earlier. The Congressional Budget Office projected a roughly $1.5 trillion deficit this fiscal year that ends on Sept. 30. The yield on the 10-year Treasury note slipped to 4.165%. Stocks were higher with the Dow Jones Industrial Average up 217 points or 0.6%.

#U.s.BudgetDeficit #TreasuryDepartment #FiscalYear #GovernmentReceipts #Spending #InterestPayments #CongressionalBudgetOffice #DeficitProjection #10-yearTreasuryNote #StockMarket

https://www.marketwatch.com/story/u-s-budget-deficit-narrowed-to-22-billion-in-january-f413cb9c