WASHINGTON (AP) - The federal government ran a lower budget deficit this August than a year ago, remaining on track to record the lowest deficit for the entire year since 2008.
The August deficit was $128.7 billion, down 13 percent from the $147.9 billion deficit recorded in August 2013, the Treasury Department said Thursday in its monthly budget report.
With just one month left in the budget year, the deficit totals $589.2 billion, 22 percent below last year's 11-month total.