US August Federal budget deficit $167 billion vs $404 billion expected

AI summary

<p>The $432 billion deficit last month was near a monthly record but it seems as though much of that spending was pulled forward from August as the latest month shows a nice bounce.</p><ul><li>Fiscal Year to date deficit at $1.966 trillion verus $1.973 trillion a year ago</li><li>Outlates $527 billion vs $689 billion a year ago</li><li>Receipts $360 billion vs $344 billion a year ago</li><li>Net cutoms receipts of $12.836 billion</li></ul><p>This number could tad some of the pressure of Treasuries but the month-to-month numbers are tough to get a read on because spending shifts around.</p> This article was written by Adam Button at investinglive.com.