Today's Economic Data Highlights: Geithner To Welcome More To The Recovery, And The Budget Balance
Secretary Geithner and the budget balance…
8:30: Treasury Secretary Timothy Geithner speaks….at a policy conference hosted by the Congressional Hispanic Caucus Institute, in Washington, DC.
14:00: The US budget balance for Aug…another modest year-to-year improvement. The CBO estimates that the US Treasury ran a $95bn deficit in August, which would bring the 11-month total for FY 2010 to $1.265trn. The CBO’s estimate is rarely more than a few billion dollars off, which is why it is now also the median forecast.
Median forecast (of 25) -$95.0bn, ranging from -$120bn to -$85bn; last (Aug 2009): -$103.6bn.