US July federal budget deficit $221.0 billion vs -109.3 billion expected

<ul><li>Last July was $228.0 billion</li><li>June deficit was $240 billion</li></ul><p>If you're wondering why yields are higher today and why Moody's downgraded the US, these numbers are certainly part of the equation.</p>

This article was written by Adam Button at www.forexlive.com.