US federal deficit sums up to USD 27.4 billion

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Source: Marketwatch
In January US government deficit was USD 27.4 billion. Receipts totalled USD 234.3 billion while expenditure summed up to 261.7 billion. Overall January monthly shortfall was USD 22.4 billion less compared to January 2011. Although the deficit has decreased substantially, it still will be around 7% of GDP this year. 

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Mon, 13 Feb 2012 10:13:24 GMT

S&P 500 index tumbles on Greek default threats

S&P 500 index fell sharply on Friday as European finance ministers blocked bailout funding for Greece until parliamentary approval of austerity plan. S&P 500 index dropped 0.7% or 9.31 points to 1,342.64 with all 10 industries posting losses. NYSE Euronext jumped 4.5% after its revenue and profit outperformed Wall Street expectations. First Solar tumbled 10.5% after the firm announced a

Mon, 13 Feb 2012 08:51:44 GMT

US trade gap widens to 6 month record high

US trade deficit broadened 3.7% in December, reaching USD 48.8 billion, a record high since June. Economists questioned by Marketwatch predicted a deficit increase equal USD 48.5 billion. In total for year 2011, the deficit was USD 558 billion or 11.6% higher than in 2010. Exports added 14.5% to USD 2.1 trillion while imports of services and goods climbed 13.8%

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