The federal budget deficit totaled $1.06 trillion in the first six months of the current fiscal year, the Treasury Department reported Wednesday. Receipts rose to a record $2.18 trillion, an increase of 7% compared to the same period a year ago, while outlays grew 3% to $3.25 trillion. Corporate tax revenues, which increased by 32%, played a major role in the growth of receipts. On the spending side, interest payments shot up 36% to $522 billion. Spending on defense also rose, by 6% to $410 bill
Cutting business taxes did not boost N H economy, new report finds bostonglobe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bostonglobe.com Daily Mail and Mail on Sunday newspapers.