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Read more about US budget deficit running 11.8% higher this year
US budget deficit running 11.8% higher this year

By MARTIN CRUTSINGER, AP Economics Writer The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years. In its monthly budget report, the Treasury Department said Monday that the deficit from October through December totaled $356.6 billion, up from $318.9 billion

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