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US deficit slides

The US has reported a $US97.6 billion ($106.8 billion) deficit for July but remains on track to post its lowest annual budget gap in five years. The monthly figure raises the deficit so far for the 2013 budget year to $US607.4 billion, 37 per cent below the deficit for the first 10 months of the previous year.

The US has reported a $US97.6 billion ($106.8 billion) deficit for July but remains on track to post its lowest annual budget gap in five years. The monthly figure raises the deficit so far for the 2013 budget year to $US607.4 billion, 37 per cent below the deficit for the first 10 months of the previous year.

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