U.S. posts budget deficit of $82.4 billion in May

The United States posted a budget deficit of $82.4 billion in May, a 37 percent drop from the same period last year, the U.S. Treasury Department said on Wednesday. The deficit was $130 billion in May of 2014, according to Treasury's monthly budget statement. Receipts last month were $212 billion, up 6 percent from the same period last year, while outlays were $295 billion, down 11 percent from the same period last year, Treasury said.

U.S. posts budget deficit of $82.4 billion in May source: http://finance.yahoo.com/news/u-posts-budget-deficit-82-180211277.html