The federal government ran a $112.8 billion deficit in July, the Treasury Department reported Wednesday.
The July surplus followed a $6.3 billion budget surplus in June.
Outlays in July totaled $322.813 billion. Receipts totaled $209.998 billion.
In July 2015, the government ran a $149.2 billion deficit.
For the fiscal year to date, the government has a $513.7 billion deficit, compared to a $465.5 billion deficit for the similar period on fiscal 2015.
Munis saw small gains Thursday, continuing the slight turnaround in sentiment the market has seen this week, with muni yields seeing modest bumps each day, said Jeremy Holtz, a portfolio manager at Income Research + Management.
The city is in danger of defaulting on bonds in the next fiscal year, according to Local Government Commission officials who say they will intervene if needed.
The $12.78 billion fiscal 2027 budget agreement unveiled by Republican officials comes as lawmakers prepare for looming federal Medicaid funding cuts.
A presidential address does nothing to quell the price of crude oil as states are now calculating the effects of rising fuel prices on their tax revenues.
Divisions are emerging among Missouri lawmakers over the $50.3 billion fiscal 2027 budget the House passed last Tuesday.
Judge Laura Taylor Swain is allowing the continued examination of a count in which a trustee is challenging fees, and some proceeds, of pre-bankruptcy bonds.
