U.S. budget deficit grows $180 billion in July

WASHINGTON (Reuters) -- The U.S. government posted a $180.68 billion budget deficit for July, a record for the month, as outlays rose to a record level to fight a recession that continued to wither tax revenues.

The July budget gap was the 10th consecutive monthly deficit and brought the fiscal year-to-date deficit to $1.267 trillion, more than triple the deficit for the same period a year ago. 

Consumer prices rise 0.7% in JuneRetail sales dip 0.1 percent in July