U.S. budget deficit $130 billion in May

Fiscal year’s shortfall running 30% less

Posted: June 12, 2014 at 5:23 a.m.

The U.S. posted a $130 billion budget deficit in May and the smallest shortfall for the first eight months of a fiscal year since 2008, as a stronger economy and rising employment bolster revenue.

United States budget, deficit and debt with graphs and charts

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