July 8th, 2014
from the Congressional Budget Office
The federal government ran a budget deficit of $366 billion for the first nine months of fiscal year 2014, CBO estimates - 144 billion less than the shortfall recorded over the same span last year. Through the end of June, revenues were about 8 percent higher and outlays were about 1 percent higher than they were at the same point last year.
from the Securities and Exchange Commission
A school district in California was charged with misleading bond investors about its failure to provide contractually required financial information and notices. The case is the first to be resolved under a new SEC initiative to address materially inaccurate statements in municipal bond offering documents.
Facebook has established itself as the most popular social network worldwide, yet its stocks have been up and down.
EMPLOYERS HIRE 661,000 TEENS IN JUNE; DOWN 15 PERCENT FROM A YEAR AGO
by Challenger Gray and Christmas
After getting off to a strong start in May, job gains among teenagers stumbled in June, as employers hired 15 percent fewer 16- to 19-year-olds than a year ago, according to an analysis of the latest data from the Bureau of Labor Statistics.
Econintersect: The National Federation of Independent Business (NFIB)'s May 2014 monthly optimism index declined from 96.6 to 95.0. The market was expecting the index between 96.0 to 98.0 with consensus at 97.0. Two index components improved, two were unchanged and six fell.