U.S. deficit down in first half 2010 – report

WASHINGTON, April 12 (BestGrowthStock) – The U.S. federal budget
deficit in the first half of fiscal 2010 is down 8 percent from
the same period a year ago, the Washington Post reported on
Monday.

Citing senior Obama administration officials, the
Washington Post said the smaller deficit was due to higher tax
revenue and lower than projected spending to bail out the
financial system.

The newspaper said if the trend continued for the rest of the
year it would mean the annual deficit would be $1.3 trillion —
about $300 billion less than the administration’s projection two
months ago for 2010.
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(Reporting by Deborah Charles; editing by Chris Wilson)

U.S. deficit down in first half 2010 – report