PROVIDING FINANCIAL EDUCATION, ACROSS AMERICA - ONE COMMUNITY AT A TIME
We deal with money more than we deal with anything else in the world. Yet financial education isn't taught in most schools. Only 3% of Americans have a written financial plan, and most people put off retirement planning way too long. Stress from financial issues impacts job performance, relationships and family life.
August 12, 2013 | Category: Debt Management
| Author: Reuters
WASHINGTON (Reuters) - The United States ran a budget deficit in July, although government revenues increased from a year earlier due to tax hikes and a strengthening economy, a report from the Treasury showed on Monday.
The U.S. government spent $98 billion more than it took in last month, with the deficit driven by spending on healthcare programs, pensions for the elderly and the military.
Analysts polled by Reuters had expected deficit of $96 billion.
The United States customarily runs deficits in July as there are few tax deadlines during the month.
The country has run full-year budget deficits continuously since 2001, and the amount of red ink has grown immensely since 2009 when a surge in unemployment fueled higher spending on the social safety net.
But this year, the...