U.S. budget deficit narrows on higher revenues

Note: This section contains information in English only.
Source: Reuters
Federal budget deficit in the United States shrank to $92 billion in October of this year, while analysts expected the budget gap to reach $104 billion from $120 billion the last year. According to the data, budget revenues advanced 8% to $199 billion on higher taxes and austerity pushed spending lower by 5% to $291 billion, as the economy continues to grow faster than economists expect.
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Thu, 14 Nov 2013 11:19:08 GMT

Yellen: Fed to support economy after she replaces Bernanke

Janet Yellen, the newly elected chairwoman of the Federal Reserve, said on Wednesday that the monetary policy makers are ready to stimulate the U.S. economy in the future, as she personally supports the assets-buying program. Yellen warned that despite the growth in construction, housing and manufacturing sectors, the unemployment rate in the country still remains at the very high level.

Thu, 14 Nov 2013 11:08:07 GMT

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