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LATEST US DATA

Budget deficit may fall by US$60b as revenue jumps

Consumer confidence up more than expected in Aug; July new home sales rise

Washington

THE US budget deficit is likely to fall by US$60 billion in 2015 due to strong revenue gains, the Congressional Budget Office (CBO) said on Tuesday, adding that the government may be able to pay its bills without a debt limit hike through early December.

The CBO said it